Trump says Japan sending team for talks, Japan urges him to rethink tariffs

The Japanese prime minister said he told Trump in a telephone call that his tariff policies are extremely disappointing and urged him to rethink.

“So we have a great relationship with Japan. We’re going to keep it that way,” Trump later told reporters on Monday.

Trump said last week that he would impose a 10 per cent baseline tariff on all imports to the US and higher duties on dozens of other countries, including some of Washington’s biggest trading partners, rattling global markets and bewildering US allies.

Ishiba summoned key economic ministers, including Finance Minister Katsunobu Kato, Sunday evening and instructed them to be vigilant and respond to market developments, according to Japan’s Nikkei newspaper.