On July 8, Shigeru Ishiba, the Prime Minister of Japan, stated that the two sides (US and Japan) have not yet reached an agreement because Japan insists on defending the interests that should be defended. They will continue to maintain dialogue with the United States and seek to reach an agreement that is beneficial to both parties.
Through past negotiations with the United States, Japan has successfully avoided tariffs rising to 30% to 35%. The United States has proposed continuing talks until the new deadline of August 1.
The US announcement of additional tariffs is deeply regrettable. So far, it has been impossible to reach an agreement because Japan has had difficult negotiations with the United States, believing that Japan should not easily concede. (Golden Ten) [BlockBeats]