President Trump on Tuesday suggested that his team would force Japan to accept higher tariffs of "30%, 35%, or whatever the number is that we determine." Notably, that proposal is higher than the 24% "Liberation Day" level and the current baseline 10% tariffs in place while the two sides negotiate.

President Donald Trump says he is not considering delaying his July 9 deadline for higher tariffs to resume and renews his threat to cut off talks and impose duty rates on several nations, including Japan.

Ever since U.S. President Donald Trump has taken office, one of the many things that constantly dominated headlines was his tariff policy. Although Trump had imposed tariffs during his first term, his latest actions roiled markets,

Trump said Japan’s rate could end up at “30%, 35%,” which would be substantially higher than the 24% initially set when widespread tariffs were announced on April 2.

Donald Trump has threatened to increase levies on Japan and cast doubt that the US will reach a deal with its Asian ally, as he escalated his trade rhetoric days before his pause on some steep tariffs is set to expire.

Federal Reserve Chief Jerome Powell said it is premature to lower interest rates, citing the potential impact of tariffs.

U.S. Federal Reserve Chair Jerome Powell on Tuesday reiterated the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates, again setting aside President Donald Trump's demands for immediate and deep rate cuts.