In a pivotal phone conversation on 13 June 2024, Japanese Prime Minister Shigeru Ishiba and US President Donald Trump tackled pressing issues of trade and geopolitical tensions. The discussion comes as both leaders prepare to meet at the Group of Seven (G7) summit in Canada.
Bilateral Trade Discussions
During their call, Ishiba emphasised the importance of accelerating negotiations on a bilateral trade deal. Japan has long been a key ally of the US and holds the title of its largest investor.
- Tariffs: Currently, Japan faces a 10% baseline tariff and additional levies on key imports, including automobiles and steel.
- Stalemate: Despite multiple rounds of talks, progress remains elusive, with Japan insisting on the removal of all tariffs before any formal agreement can advance.
- Ishiba’s Position: “Our position remains unchanged,” Ishiba stated, reiterating Japan’s stance on this crucial matter.
Regional Security Concerns
The dialogue also touched on the recent military strikes by Israel against Iran. Japan’s Foreign Ministry reported that both leaders expressed their commitment to maintaining peace and stability in the Middle East.
As the G7 summit approaches this Sunday, Ishiba aims to strengthen trade relations while addressing regional security — a balancing act that highlights the intertwined nature of diplomacy and economic policy.