The U.S. administration has limited achievements in trade negotiations, revealing only one deal with the UK as the 90-day tariff pause nears its end. Trump has expressed no desire to extend this pause for further negotiations, while Commerce Secretary Lutnick mentioned ten potential agreements. Negotiations with Japan are stalled due to proposed auto tariffs, as the Japanese industry holds significant economic importance. Overall, the administration's recent efforts have produced few tangible results amid ongoing discussions with international partners.
U.S. trading partners have spent the past three months in frantic negotiations trying to get these tariffs reduced-but as of now, have little to show for it.
Japan's car industry is the fourth-largest in the world, contributing nearly 3% of the country's GDP and employing one in eight people.
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