Unlike the European Union, the Japanese government has made no indication it plans to impose any kind of reciprocal tariff on the U.S.

President Donald Trump on Monday informed Japan and South Korea that 25% tariffs will be imposed starting Aug. 1 on goods sent to the United States.

Small and medium-sized firms like Mitsuwa Electric that form the backbone of Japan's economy have weathered many storms over the decades, and company president Yuji Miyazaki is hopeful they will also withstand Donald Trump.

America has a huge debt, and it's financed by half the world. If foreign nations and investors coordinated, it could force Trump to negotiate more reasonably on tariffs. But the threat on the world economy is huge.

Japan has reported a trade deficit of 2.2 trillion yen ($15 billion) for the first six month of this year as exports were hit by President Donald Trump's higher tariffs.

President Donald Trump sent out letters to nations that haven't entered into trade agreements with the U.S., informing them of their new tariff rates.

U.S. Treasury Secretary Scott Bessent will meet Japanese Prime Minister Shigeru Ishiba on Friday but will not discuss tariffs, despite Japan’s efforts to restart stalled negotiations ahead of a looming Aug.

President Donald Trump said on Wednesday the U.S. will probably "live by the letter" on tariffs with Japan and may have another trade deal coming up with India, following his announcement of an accord with Indonesia on Tuesday.

While South Korean imports to the U.S. face 25% tariffs, the same as Trump promised in April, the rate on Japan has been raised by 1 percentage point to 25%.

President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries