Japan’s Trade Negotiator Akazawa: Hopes for a deal with US to spare from higher auto tariffs

FXStreetJun 13, 2025 9:57 AM

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Bloomberg reported Japan's top trade negotiator Ryosei Akazawa saying on Friday that “generally speaking, if we reach a deal it should secure special treatment for Japan, and exclude it from rules that apply to most countries,” when asked about US President Donald Trump’s comments that indicated he’s considering raising tariffs on imported cars further to boost production in the US.

On his way to Washington for his sixth round of trade talks with US counterparts, Akazawa noted, “we are in bilateral negotiations with the US.”

Market reaction

At the time of writing, USD/JPY is recovering further ground, trading 0.28% higher on the day at 143.88.

Reviewed byJane Zhang

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