Japan not keen for compromise in US trade talks

This was out earlier but it’s an important development:

The FT reports that Japan is holding out for a better deal with the US, including a full removal of 25% auto tariffs. It says a deal is now unlikely to be reached before elections due in late July, which is beyond the 90-day delay the US imposed (expiration is July 8).

There had been reports this week that Japanese and South Korean deals would be soon announced, though there is a meeting still planned for next week and the G7 in Canada will be closely watched.

This article was written by Adam Button at www.forexlive.com.