Japan’s Chief Cabinet Secretary Yoshimasa Hayashi expressed extreme regret over US President Trump’s announcement of a 24 percent reciprocal tariff on Japan. Hayashi requested that the US review its measures, citing concerns about consistency with the WTO Agreement and the Japan-U.S. Trade Agreement.
Hayashi noted that the tariffs could have a major impact on the global economy and the multilateral trade regime, but refrained from revealing specifics of Japan’s response, including potential retaliatory measures. Japan will provide financial support and a consultation service for affected domestic companies.