Japan to offer a package on China in tariff talks with the US – Nikkei

Japan is to present a cooperation package to the US on building a supply network for rare earths. China has restricted the export of seven rare earth elements to the US and the Japanese government is aiming to get concessions from the US with this joint “countermeasure package”.

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JiJi is also reporting that the US is showing flexibility on lowering additional reciprocal tariffs with Japan. As a reminder, the deadline for the 90 days pause expires on July 8th.

This article was written by Giuseppe Dellamotta at www.forexlive.com.