U.S. President Donald Trump expressed frustration with Japan over trade and said that its "reciprocal" tariff rate of 25%, mentioned in a letter sent to Prime Minister Shigeru Ishiba last week, might simply be allowed to go into effect on Aug. 1.
¡°The letters are a deal,¡± Trump told reporters on Tuesday at Joint Base Andrews in Maryland, with U.S. Commerce Secretary Howard Lutnick standing by his side.
¡°I will veer from those deals on occasion when somebody is willing ¡ª like if Japan would open up their country," he added. "They don¡¯t do that. They just don¡¯t do that. And I don¡¯t subscribe to it one way or the other.
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