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25％ ‘Reciprocal Tariff' Would Be Blow to Japanese Economy; Major Exporters Foresee Drastically Reduced Profits

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By Kentaro Matsumoto and Masato Takamura / Yomiuri Shimbun Staff Writers

17:51 JST, July 9, 2025

The tariff rates for “reciprocal tariffs” that U.S. President Donald Trump notified Japan of were raised slightly after three months of negotiations between Japan and the United States. The Japanese government aims to reach an agreement by Aug. 1, the new deadline for negotiations set by the U.S. si...

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