Japan wants US to stick to trade deal as new global tariffs kick in
South China Morning Post
by BloombergFebruary 24, 2026
AI-Generated Deep Dive Summary
Japan's trade minister, Ryosei Akazawa, has emphasized the need for the United States to adhere to the terms of their bilateral trade deal as new US tariffs approach implementation. During a phone call with US Commerce Secretary Howard Lutnick, Akazawa expressed concerns about any potential tariff adjustments that could disadvantage Japan more than the agreement reached last year. The discussions highlighted the mutual commitment to maintaining stable trade relations and ensuring the successful execution of a significant investment initiative.
The conversation between Akazawa and Lutnick also touched on the importance of collaboration in advancing projects tied to a $550 billion investment mechanism agreed upon as part of the deal. This mechanism aims to foster economic growth and cooperation between the two nations, addressing issues such as market access and reducing trade barriers that had previously strained relations.
The talks underscored the growing focus on strengthening US-Japan economic ties amid shifting global trade dynamics. By reaffirming their commitment to the trade agreement, both countries signal their dedication to avoiding further tariffs and preserving a balanced trade relationship. This matters not only for economic stability but also for maintaining geopolitical harmony in Asia and beyond.
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Originally published on South China Morning Post on 2/24/2026