• About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Saturday, June 6, 2026
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
No Result
View All Result
No Result
View All Result
Home Business & Economy

Japan’s Trade Minister Pushes For US Tariff Exemption

March 11, 2025
in Business & Economy, Global News
Reading Time: 2 mins read
0
Japan’s Trade Minister
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

Japan’s Minister of Economy, Trade, and Industry, Yoji Muto, has requested that the United States government exempt Japan from the upcoming tariffs on vehicles, steel, and aluminum. Still, there has been no confirmation from Washington regarding the request.

President Donald Trump’s administration is preparing to enforce a 25 percent levy on steel and aluminium this week, as well as a tariff on foreign automobiles from April.

Japan, home to one of the world’s largest automobile industries, exported goods worth 21.3 trillion yen ($145 billion) in 2024, with cars and other vehicles accounting for roughly a third of the total.

Economy, Trade, and Industry Minister Yoji Muto met US Secretary of Commerce Howard Lutnick, US Trade Representative Jamieson Greer, and other officials in Washington on Monday.

“We have requested that the tariff measures announced so far by the US government should not be applied to our country,” Muto told reporters after their talks.

But “the US side explained the importance they place on reviving the manufacturing industry in the US and securing employment,” he said.

“Based on this discussion, we will further discuss closely how we can make the national interests of Japan and the United States a win-win situation,” Muto said.

In Tokyo on Tuesday, Chief Cabinet Secretary Yoshimasa Hayashi also said Japan had not received any assurances from the US side.

“It is our understanding that (Muto) has not secured confirmation that Japan would be excluded from tariff measures,” Hayashi told reporters when asked about the talks.

Japan is home to the world’s top-selling automaker Toyota, and the health of the auto industry impacts many of its industrial sectors, from parts manufacturing to steel and microchips.

AFP

ALSO READ TOP STORIES FROM VERILY NEWS

Tags: JapanTradeTrump
Share200Tweet125Share35
Previous Post

Naira Weakens to N1,570/$ in Parallel Market

Next Post

Chinese Nationals Convicted for Illegal Mining in Kwara State

Related Posts

CBN

CBN Issues New Forex Penalties

by Victoria Ogbadu
June 6, 2026
0

The Central Bank of Nigeria (CBN) has announced a stiff N100 million penalty for banks that process foreign exchange transactions...

Dangote

Dangote Refinery Shatters Capacity Records As Petrol Prices Dip Across Lagos

by Victoria Ogbadu
June 6, 2026
0

On Saturday morning, petrol tankers lined the Lagos-Ibadan Expressway, not a sign of scarcity this time, but of supply. The...

Putin

Putin Vows Victory as Ukraine War Enters Fifth Year

by Victoria Ogbadu
June 5, 2026
0

Russian President Vladimir Putin used a high-profile appearance at the St. Petersburg International Economic Forum on Thursday to project confidence...

Anthropic

Anthropic Warns AI Is Spiraling Beyond Human Control

by Victoria Ogbadu
June 5, 2026
0

Anthropic, the AI safety company behind the Claude models, is urging global tech giants and governments to slow down advanced...

Gold

Global Gold Prices—5th June 2026

by Victoria Ogbadu
June 5, 2026
0

Gold slid for a second consecutive week on Friday, as stalling Middle East peace talks crushed investor hopes for a...

Load More
Next Post
Chinese Nationals Convicted for Illegal Mining in Kwara State

Chinese Nationals Convicted for Illegal Mining in Kwara State

Ex-Philippine President Duterte

Ex-Philippine President Duterte Arrested on ICC Warrant for Crimes Against Humanity

Former Minister Chief Dubem Onyia

Former Minister Chief Dubem Onyia, Passes Away at 73

NCDC Confirms Lassa Fever Case After UK Returnee Dies From The Virus

NCDC Confirms Lassa Fever Case After UK Returnee Dies From The Virus

Renewable electricity supply

Nigeria Secures $950m to Expand Renewable Electricity Supply

Trump and Elon Musk

Trump Pledges to Buy a Tesla in Support of Musk

Trump administration

Trump Labels Canada a "Tariff Abuser" After Ontario Imposes Electricity Surcharge

JUST IN: Kebbi State Confirms 26 Deaths Amid Suspected Meningitis Outbreak

JUST IN: Kebbi State Confirms 26 Deaths Amid Suspected Meningitis Outbreak

Manchester United Unveils Plans for New 100,000-Capacity Stadium

Manchester United Unveils Plans for New 100,000-Capacity Stadium

Reps

BREAKING: House of Reps Calls for Suspension of Hike in ATM Charges

  • Trending
  • Comments
  • Latest
cbn governor olayemi cardoso

CBN Approves Merger Between Two Banks

February 23, 2026
2027: APC Governors Endorse Next Senate President After Akpabio

APC Governorship Candidate Joins ADC

March 16, 2026
NNPC Increases Petrol Price

NNPC Reduces Fuel Price

March 17, 2026
Kenya Airways

Viral video: Drama at Airport as Nigerian Woman Clashes with Kenya Airways Over Visa Issue

0
NLC

NLC Suspends Nationwide Protest Over Telecom Tariff Hike

0
VeryDarkMan

VeryDarkMan Vows to Uncover Truth in Mercy Chinwo and Ex-Manager’s Controversy

0
2027: APC Governors Endorse Next Senate President After Akpabio

Top APC chieftain escapes mob attack in Lagos

June 6, 2026
Jegede

Jegede Blasts Tinubu Administration

June 6, 2026
CBN

CBN Issues New Forex Penalties

June 6, 2026
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Get Breaking News Alerts on WhatsApp