Japan, U.S.: As Second Trade Talk Founders, Tokyo Hints at Wielding Treasuries

Japan's trade envoy to the United States, Ryosei Akazawa, met with his counterparts in Washington on May 1, where the U.S. team proposed easing reciprocal tariffs (but maintaining automobile, steel and aluminum tariffs) on Japanese goods in return for Japanese concessions on nontariff barriers for automobiles and agriculture, a plan the Japanese team "strongly opposed," Nikkei reported on May 2....