Akazawa heads to Washington as Japanese automaker loses $1 million an hour

japantimes.co.jpPublished: 4/30/2025

Summary

Japan’s top trade official emphasized protection of national interests amid ongoing U.S.-Japan tariffs.经济和财政政策大臣 Ryosei Akazawa visited Washington for round two of tariff talks, vowing to safeguard Japan’s interests while striving toward a win-win outcome and progress toward finalizing a deal. Akazawa criticized the tariffs, saying companies like automakers are losing $1 million an hour due to prohibitive export costs under the 25% tariff.