Japan Weighs Response to U.S. Tariffs, Announces Task Force to Assess Impact

Japan’s Trade Minister Yoji Muto stated on Thursday that Japan is keeping all options open in response to U.S. President Donald Trump’s newly imposed tariffs. Speaking at a press conference, Muto revealed that he had a virtual meeting with U.S. Commerce Secretary Howard Lutnick shortly before the announcement, during which Japan reiterated its request for an exemption from the tariffs, which Muto described as “extremely regrettable.”

“We must carefully yet decisively determine the best and most effective course of action for Japan,” Muto said when asked about potential retaliation. He emphasized the need for swift action.

In response to the tariffs, which are expected to reach 24% for Japan, Muto announced that his ministry would form a task force to analyze the impact and provide guidance to those affected.

The tariffs on car imports, previously announced at 25%, will take effect as scheduled, dealing a significant blow to Japan’s auto industry, which contributes around 3% to the nation’s GDP.

Muto also expressed “serious concerns” over whether Trump’s tariffs align with the World Trade Organization’s rules.

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