Xinhua
04 Apr 2025, 07:15 GMT+10
Photo taken on June 29, 2020 shows the logo of Toyota Motor Corp. in Tokyo, Japan. (Xinhua/Du Xiaoyi)TOKYO, April 4 (Xinhua) -- Japan's Chief Cabinet Secretary Yoshimasa Hayashi on Thursday expressed "serious concern" about the U.S. decision to impose reciprocal tariffs, questioning its compliance with World Trade Organization rules and a bilateral trade agreement.At a press conference, he said that Tokyo has strongly urged Washington to retract its decision to slap a 24 percent levy on Japanese products as part of the reciprocal tariffs.The U.S. administration's tariff plan could have a "big negative impact" on the global economy and the multilateral trade system, Hayashi said.Meanwhile, Japanese Minister of Economy, Trade and Industry Yoji Muto said he told U.S. Commerce Secretary Howard Lutnick during an online meeting earlier in the day that the new tariff move is regrettable and will make it difficult for companies to invest in the U.S. market and hurt the U.S. economy.Muto added that Tokyo will continue to request exemptions from U.S. tariffs.
Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationBROOKLYN PARK, Minnesota: At least one person died when a small plane crashed into a house in a Minneapolis suburb on Saturday, a city...
WASHINGTON, D.C.: This week, President Donald Trump ordered the removal of what he called improper, divisive, or anti-American ideology...
WASHINGTON, D.C.: The University of Michigan, known for its diversity, equity, and inclusion (DEI) programs, announced this week that...
AUSTIN, Texas: A federal judge criticized Texas for keeping prisoners in hot prisons without air conditioning but did not order an...
WASHINGTON, D.C.: The Trump administration has ordered two intelligence agencies to use their spy satellites to monitor the U.S.-Mexico...
WASHINGTON, D.C.: U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. announced a significant restructuring of federal...
HANOI, Vietnam: Brazil's largest meatpacker JBS is making a bold move into Southeast Asia, betting on Vietnam as a strategic hub for...
TOKYO, Japan: Toyota is showing signs of a steady rebound in its home market, posting a second straight month of rising global output...
NEW DELHI, India: India is making a calculated trade move to avoid a tariff showdown with Washington, offering key agricultural concessions...
SHANGHAI, China: As global demand for electric vehicles continues to rise, China's BYD is looking to double its overseas sales to over...
Photo taken on June 29, 2020 shows the logo of Toyota Motor Corp. in Tokyo, Japan. (Xinhua/Du Xiaoyi)TOKYO, April 4 (Xinhua) -- Japan's...
(Photo credit: Jim Dedmon-Imagn Images) Denny Hamlin is the self-proclaimed 'king of irrational confidence,' but after a dominant...