Akazawa's dilemma: no tariff deal or a half-baked deal

The ongoing US-Japanese tariff negotiations have evolved into a complex and stalled standoff, with Tokyo signaling its intention to end new U.S.-imposed tariffs, including a 10% baseline rate and higher tariffs on cars, steel, and aluminum. The U.S., however, has maintained its stance of reciprocal tariffs while expressing openness to concessions if the July effective date is delayed. Both sides remain deeply engaged in prolonged talks as tensions continue to rise.