Tokyo, April 7, 2025 – Japanese Prime Minister Shigeru Ishiba held a crucial 20-minute phone conversation with former U.S. President Donald Trump, urging a review of the recently imposed tariffs on Japanese goods. Ishiba emphasized Japan’s significant investments in the U.S. and its role in job creation, expressing concerns that the tariffs could deter future investments.
During the call, Ishiba highlighted that Japan has been the largest foreign investor in the U.S. for five consecutive years. He proposed a collaborative approach to strengthen economic ties, rather than unilateral tariff measures. “We should pursue a broad range of cooperation that benefits both Japan and the U.S., including expanding investment,” Ishiba stated.
The Trump administration recently imposed a 25% tariff on Japanese cars and an additional 24% reciprocal tariff on other goods, sparking global economic concerns. Ishiba described the measures as “extremely disappointing and regrettable” and expressed readiness to meet Trump in person if necessary to resolve the issue.
The tariffs have already impacted global markets, with Japan’s Nikkei index experiencing significant declines. Ishiba assured that his government is exploring all options to mitigate the economic fallout and protect Japanese businesses.
This high-stakes dialogue underscores the ongoing tensions in U.S.-Japan trade relations, with both nations navigating the complexities of economic diplomacy.
