Trump applies pressure on Japan ahead of July 9 tariff deadline • FRANCE 24 English

Business now with Sean Pellegran. Uh he’s going to zero in on difficult trade talks between the US and Japan today. Who knows if this these will deliver anything either. Apologies. Very good. Uh the two sides are fast approaching a July 9th uh deadline by which the US is supposed to reimpose 24% import duties on all Japanese goods that uh were uh imposed on April 2nd during what Donald Trump called a liberation day. And those talks are not going well. To the extent that the US president decided to threaten Japan with even higher tariffs if an agreement isn’t found. Speaking to reporters on Air Force One, he said he could slap tariffs of up to 35% on Japanese goods. Also saying he was not considering extending that July 9th deadline. There are a number of sticking points. Japan unwilling to make concessions that would strip away protections of its own agricultural sector, notably its rice producers. While the US would like to export more of its own agricultural goods to Japan, another one has to do with the other tariffs that affect the Asian countries uh like sectoral tariffs on steel and aluminium or 25% tariffs on auto imports. So, Japanese auto sectors you can see there with huge brands like Toyota, Honda or Nissan extremely dependent on that US export market. That market far outstripping exports to China or the European Union last year with over 1.3 million cars sent stateside. Tokyo demanding that any trade deal also includes concessions on these sectoral tariffs. Chief negotiator Rio Akazawa reportedly heading to the US this weekend for an eighth round of negotiations. So far, Washington has only reached a partial trade deal with the UK and a tariff truce with China ahead of that July 9th deadline. Uh talks with Canada picked up again on Monday after Ottawa gave up on its idea of a digital sales tax on US text giants. Well, let’s stay with Donald Trump. A lawsuit he filed against Paramount has been settled, opening the way for a potentially huge merger. This is in the media industry, isn’t it? Mhm. Donald Trump has had accused the 60 Minutes news programs on news program on CBS part of the Paramount group of deceptively editing an interview of his rival for the presidency Kla Harris back in October. The suit arguing it quote tipped the scales in favor of the Democratic party ahead of the presidential election. Paramount has now said it would pay $16 million to Trump’s future presidential library as a settlement. Media advocacy groups have accused the White House of attacking press freedom in this case. And this follows another settlement on a similar case brought against ABC News. Uh the Paramount settlement comes as the media company is preparing for an $ 8.4 billion merger with Skyance Media, which requires approval from the US government in the form of the US Federal Communications Commission. Quick update for you now on the passage of the one big beautiful bill. Mhm. It passed the Senate thanks to a tiebreaking vote by Vice President JD Vance and is headed back to the House of Representatives for another vote. If approved, it’ll then go to Trump’s desk for signature into law. But this could prove difficult with many House Republicans unhappy with some of the changes made in the Senate. Take a listen to the Speaker of the House of Representatives, Mike Johnson. A lot of people didn’t get what they wanted. they didn’t get they didn’t think some uh savings went as far as as they should have gone or or that that maybe some of the the cuts went too far. I mean it depends upon who you ask. They have different opinions, but that’s the beauty of a large deliberative body. Lots of different priorities and opinions and districts represented. We’re going to try to to to to answer all those concerns and get this bill delivered on time as we expected and hope from the very beginning. It’s all quick today. Quick look at the markets. European markets opening higher this Wednesday even as investors assess the status of those trade talks and the prospect of deals ahead of that July 9th deadline. As you can see the Paris ke leading the gains up 610 of a percent. Now as Paris has been sweltering under the first major heat wave of the summer a French startup has been taking on the matter of carbon capture. Mhm. The process aimed at trapping CO2 emissions before they get into the atmosphere is part of many government’s plans to reach the holy grail of carbon neutrality in the fight against global warming. But how useful is carbon capture really? Does it work? And is it the silver bullet the world needs against climate change? Luke Shrego has more. Producing 300 tons of lime a day, it’s small wonder that Bokahoo Lime Works looks like it’s on the moon rather than in northern France. And with one ton of CO2 released for every ton of lime produced, it’s heavy on the emissions. That though is something the Revco startup wants to address. We want this pilot scheme to treat 1,000 tons of CO2 per year. By 2027, we aim to have a machine that can treat 10,000 tons of CO2 per year and then develop a standard machine that can treat 100,000 tons of CO2 per year by 2028. The scheme is carbon capture with chimney fumes dried and compressed, then treated with liquid nitrogen. It turns carbon dioxide to dry ice, which is then held back as other gases are released. It’s then liquefied, ready for use in other industries like food or pharmaceuticals or even manufacturing synthetic fuel. Failing that, it can be transferred to long-term storage, often deep underground. However, underground storage isn’t foolproof, and it can and does leak. What’s more, existing schemes worldwide, already costing billions, are far from 100% efficient and aren’t yet ready to be scaled up. Last year, we emitted 38 billion tons of CO2 worldwide. You know, we are talking fractions of a percent, even if you aggregate all of the projects proposed, and let’s just say that all of them go forward, we’re still looking at fractions of a percent of the total emissions in the world. A United Nations panel on climate change backs carbon capture as a way to reduce industrial carbon footprints. And while promising, it remains for now an addition to other efforts rather than a cure in the fight on global warming. Char, thank you very much. Shop Pelican with business on France 24th

US President Donald Trump has threatened to increase import duties on Japanese goods to 35 percent as trade talks with Tokyo approach a July 9 deadline. The two countries are fast approaching the end of a 90-day negotiation period before previously imposed 24 percent tariffs snap back into place, and talks have proved difficult. Also in this edition, FRANCE 24’s Luke Shrago looks at the opportunities and challenges of using carbon capture technology in the fight to reduce global warming.
##Japan ##Tariffs ##Trump

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39 comments

  8. We don't blame Trump. Japan enjoy their prosperity thanks to america. They were given a lot of money, resources and protection from communism. The same as South Korea and Germany. It's the time they pay it back.

  10. What's wrong with these world leaders, why are they putting up with this arrogance and disrespect? While Trump is threatening them with tariff, he's also using their country, their people as human shield for possible conflict with China? This is so disrespectful!

  11. Just do what 6 other Countries have done, make a deal with the Canadians, that will drive Trump nuts. And that DST Tax just goes to show what Trump will do to save his buddies from paying online taxes. There companies make BILLIONS online in the USA and Canada and pay no taxes? Criminal. Another place that is good for Carbon capture is Canada, they are way ahead in that field. We should be checking that out here in the EU. There are no tariffs if Countries would just bypass the USA, I don't care about their feelings.

  12. Top Foreign Holder of U.S. Treasuries is Japan at $1.1345 trillion. Who holds the cards, Trump? Stay strong, Japan – most of the world is behind you!

  13. Japan is ok with the 35% tariffs against all they sell to the U.S. They should just find somewhere else to sell their cars. Maybe France can buy 1.2 million Nissans from them instead?

  18. My 1986 "Chevy Nova" was a Toyota Corolla. Even said Toyota on the windows, but it counted as an American car. Watch for similar work-arounds.

  19. Japan will cave. They are in a very weak position now. Even weaker than when the U.S imposed upon them the infamous Plaza Accord in the 1980s.

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    Sincerely,
    Caulk_CDW

  32. The US had to do something like this given it's unsustainable trade deficit. Hopefully some type of agreement can be reached to ease the transition.

  38. Despite disbelief or unlearned, Japan partnered with her multi-plan, thru Cigna Tree of Life when APL hands changed in 2015. I cannot deny those who protected my life's mission.
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    Whole Genome Human Person ERX150474, no longer a secret under a veil.
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