Unlike the European Union, the Japanese government has made no indication it plans to impose any kind of reciprocal tariff on the U.S., even if the U.S. does move forward with its planned 25% tariffs on all Japanese exports.

U.S. Treasury Secretary Scott Bessent will meet Japanese Prime Minister Shigeru Ishiba on Friday but will not discuss tariffs, despite Japan’s efforts to restart stalled negotiations ahead of a looming Aug.

President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.

More than two-thirds of Japanese firms believe the government should compile an extra budget later this year to mitigate the impact of U.S. President Donald Trump's new tariffs and rising prices, a Reuters survey showed on Thursday.

Japanese shipper K-Line forecasts a US$200 million hit from US tariffs and is adjusting its fleet of ships to other regions.

Asian countries are offering to buy more U.S. liquefied natural gas in negotiations with the Trump administration as a way to alleviate tensions over U.S. trade deficits and forestall higher tariffs.

Home Depot co-founder Ken Langone admitted Tuesday that previous concerns over President Donald Trump’s tariff policy were unfounded, saying he