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Even as Washington ramps up pressure on Japan and South Korea to settle trade disputes with the US, diplomatic observers believe tariffs imposed by US President Donald Trump are not likely to push its two Asian allies closer to Beijing.

Those higher tariffs began to significantly weigh on Japan’s economy. In May, the value of Japanese exports to the United States declined 11 percent from the same month a year earlier, according ...

Throughout the spring, Ishiba battled to reach a deal on the government’s budget and to assuage concerns among the public about the rising cost of living. But a weak political base is not Ishiba’s only problem.

U.S. stocks are rising toward another record following a trade deal between the world’s No. 1 and No. 4 economies, one that would lower proposed tariffs on Japanese imports to

US President Donald Trump suggested that he would not go below 15% as he sets so-called reciprocal tariff rates ahead of an Aug. 1 deadline, an indication that the floor for the increased levies was rising.

The Trump administration is poised to implement a new wave of tariffs, potentially reaching 50% for certain nations, effective August 1st. This move underscores President Trump's strategy of using tariffs as leverage to secure international concessions and reshape global trade relations.