After being smacked with double-digit percentage tariffs by a key ally, Japan finds itself with few retaliatory options.
Since President Trump began threatening broad tariffs in January, Japan has pursued a conciliatory strategy, with Prime Minister Shigeru Ishiba pledging in February to boost U.S. investment to $1 trillion.
Up until the day before Mr. Trump’s tariff announcements on Wednesday, prominent business executives in Tokyo said they were hopeful Japan would be spared. Those hopes were dashed when Mr. Trump said U.S. imports from Japan would face a 24 percent tariff. Last week, he said that cars, Japan’s top export to the United States, would be subject to a 25 percent tax.
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