Japan will abide by the terms of a trade agreement reached last year with the United States — including a $550 billion capital commitment — even after a court declared a class of tariffs central to the agreement illegal.
Trade minister Ryosei Akazawa spoke with U.S. Commerce Secretary Howard Lutnick online for 40 minutes on Monday night and discussed the new tariffs imposed as the result of the court’s decision.
“I reaffirmed with Commerce Secretary Lutnick that both Japan and the United States will continue to implement last year’s agreement sincerely and expeditiously,” Akazawa said Tuesday.