In a post on his Truth Social platform, Trump accused Japan of refusing US rice despite facing a shortage. “I have great respect for Japan, they won’t take our RICE, and yet they have a massive rice shortage,“ he wrote. “In other words, we’ll just be sending them a letter, and we love having them as a Trading Partner for many years to come.”
Earlier this month, the US imposed a 10 percent tariff on imports from most trading partners but temporarily paused higher rates to allow negotiations. This pause expires next week, meaning steeper tariffs will automatically take effect unless deals are finalized.
Lawmakers are pushing to pass a major tax and spending bill by July 4, which could influence tariff negotiations. Hassett expects a “marathon session” with Trump to finalize rates for affected countries.
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