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'Investment, Not Tariffs,' Says Ishiba After Telephone Talks with Trump Before 3rd Round of Talks

  • Japan's Prime Minister Shigeru Ishiba held a 45-minute telephone talk on May 23, 2025, with U.S. President Donald Trump from Tokyo ahead of the third round of tariff negotiations.
  • The call followed ongoing tensions over U.S. Tariffs, including a 25% levy on Japanese autos, prompting Japan to maintain its stance for tariff removal in exchange for increased investment.
  • During their discussion, the leaders agreed to pursue constructive talks on tariffs, economic security, and security cooperation, with Japan's envoy Ryosei Akazawa traveling to Washington for further negotiations.
  • Ishiba told reporters that the focus should be on investment rather than tariffs and mentioned that he conveyed Japan’s expectation for the U.S. To eliminate the recent import tariffs, though President Trump did not provide a specific response.
  • The two leaders committed to continuing their discussions at the forthcoming G7 meeting scheduled to take place in Canada next month, demonstrating their intent to address trade disputes despite earlier challenges.
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The Diplomat broke the news in Tokyo, Japan on Wednesday, May 21, 2025.
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