Japan’s Akazawa: Requirement for US executive order to reduce car tariffs
FXStreetSep 4, 2025 2:09 AM
Japan trade negotiator Ryosei Akazawa said on Thursday that he was flying to the United States (US) as administrative talks progress. Akazawa further stated that he will continue to push for a presidential order for the tariffs that have been agreed on.
Key quotes
Visiting U.S. as administrative issues have been solved.Will continue to push for presidential order for what has been agreed on tariffs.Ishiba administration should continue to carry out imminent tasks, no need for early LDP leadership election.Requirement for US executive order to reduce car tariffs.Executive order needed to stop piling up of universal levy.
Market reaction
At the time of press, the USD/JPY pair was down 0.29% on the day at 148.00.
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