
US Focuses on Japan, S. Korea in Tariff Talks
United States National Economic Council Director Kevin Hassett stated on Tuesday that the White House is preparing to prioritize Japan and South Korea in upcoming discussions regarding tariff negotiations. Speaking during an interview with Fox News, Hassett revealed that his team is finalizing a proposal that will soon be presented to President Donald Trump, outlining the timing and participants of the talks.
“We are prioritizing Japan and South Korea on tariff talks,” Hassett said. He emphasized that President Trump is committed to achieving fair and reciprocal trade agreements, and will evaluate each country’s proposals carefully before deciding on a course of action. “Trump wants fair and reciprocal trade. He will weigh that as he decides whether to accept countries’ offers.”
Hassett’s remarks indicate a strategic shift in the administration’s trade agenda, focusing more on allied nations and key trading partners. Japan and South Korea, both long-time US allies in the Asia-Pacific region, are seen as critical players in reshaping the dynamics of global trade under the Trump administration.
When asked about interest rate policies, Hassett clarified that the Federal Reserve maintains full autonomy in its decision-making processes. “The Fed is independent and will continue to make its decisions based on economic data and conditions,” he noted, distancing the administration from influencing monetary policy.
Regarding the broader picture of international trade, Hassett mentioned that the administration is prioritizing key allies and trading partners in its current negotiations, which also include ongoing disputes with China. The aim, he stressed, is to strengthen trade ties that are mutually beneficial and reduce imbalances without undermining long-standing diplomatic relationships.
The comments come at a time of heightened economic uncertainty and intense global focus on US trade policy. As the administration navigates complex negotiations on multiple fronts, its emphasis on Japan and South Korea may signal a more targeted and collaborative approach moving forward.