Japan Issues Stark Warning on Trump Tariffs: “Global Economic Order at Risk”
Japanese Prime Minister Shigeru Ishiba delivered his strongest rebuke yet of U.S. trade policy on Monday, warning lawmakers that President Trump’s sweeping tariffs could severely destabilize the global economy.
Speaking during a Budget Committee session in Tokyo, Ishiba urged caution and diplomacy ahead of high-level trade talks with Washington set for later this week.
“I am fully aware that what’s happened so far has the potential to disrupt the global economic order,” Ishiba told the parliament.
Tokyo Prepares for Crucial Trade Talks
Ishiba emphasized that Japan must seek common ground with the United States by better understanding both the rationale and emotional drivers behind Trump’s trade decisions.
“In negotiating with the United States, we need to understand what’s behind Trump’s argument both in terms of the logic and the emotional elements behind his views,” he added.
The Prime Minister confirmed that Japan is not currently planning a supplementary budget, but noted the government would act if needed to mitigate the economic impact of U.S. tariffs.
Japan’s Business Sector Feeling the Pinch
Economic Revitalization Minister Ryosei Akazawa also addressed parliament, warning that Japanese firms are already suffering losses from the tariff regime. Tokyo now faces a 24% general tariff on exports to the U.S., with a 25% tariff on automobiles that took effect in early April.
“The sooner the issue is addressed, the better,” said Akazawa. “I will do my best, bearing in mind what’s best for our national interests.”
Upcoming bilateral trade talks are expected to involve Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent, with a focus on both tariff relief and non-tariff barriers.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
