US rejects Japan request for full exemption from ‘reciprocal’ tariffs

The evidence is mounting that the US isn’t interested in getting to 0% tariffs.

Kyodo reported about 3 hours ago:

• US rejects request for full exemption from reciprocal tariffs
• US would consider lowering 14% tariff rate due to resume on July 9
• US side stressed that it will only consider extending 10% tariffs or lowering 14% rate depending on progress of talks

I’m having a hard time seeing how we ever get broad trade deals.

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