US President Donald Trump
US President Donald Trump has threatened to impose a 35 per cent tariff on Japan if a deal between the two countries is not reached before a deadline next week.
That would be well above the 24 per cent tariff Japan was hit with as part of Trump's so-called Liberation Day on April 2 when he announced steep import duties on countries around the world.
The tariffs on most US trading partners, including Japan, were later lowered to 10 per cent for 90 days to give them time to negotiate deals with Washington.
That pause is due to expire on July 9 and Trump has said he is not planning to extend the deadline.
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