<ul><li>President Donald Trump said he spoke to Japanese Prime Minister Shigeru Ishiba on Monday and that “tough but fair parameters are being set” for a negotiation over US reciprocal tariffs.</li><li>Trump's decision to impose sweeping tariffs on virtually all US trading partners has sent markets into a tailspin and set foreign leaders racing to persuade the president to lower the charges.</li><li>Japan was slapped with a 24% across-the-board tariff scheduled to begin Wednesday, in addition to a 25% auto duty that is expected to hit the nation’s exports hard.</li><li>Frustrated world leaders have struggled to find ways to convince Trump to climb down from his move, which would raise US tariffs to their highest levels in more than a century and undercut the post-World War II global trading system.</li></ul>

Trump Speaks To Japan PM Ishiba, Sets ‘Tough But Fair’ Tariff Talks

Discover more