Trump administration says cannot give Japan special tariff treatment

FXStreetApr 24, 2025 12:38 AM

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The United States told Japan that it cannot give Japan special treatment regarding tariffs during talks held earlier this month, NHK said citing multiple Japanese governments.

Additionally, Treasury Secretary Scott Bessent stated on Wednesday that the US does not have specific currency targets in mind as part of bilateral trade talks with Japan. This comment came in ahead of an expected meeting with Japanese Finance Minister Katsunobu Kato this week.

Market reaction

At the press time, the USD/JPY pair is down 0.21% on the day to trade at 143.13.

Reviewed byJane Zhang

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