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International Business Times
International Business Times
Business

Japan PM Says Trump Tariffs A 'National Crisis'

Donald Trump Japan Shigeru Ishiba United States Yoshimasa Hayashi
Japan's main Nikkei 225 index fell more than three percent on Friday, adding to a 2.7-percent drop on Thursday after the S&P 500 on Wall Street dropped by the most in a day since 2020 (Credit: AFP)

US President Donald Trump's tariffs on Japanese goods are a "national crisis", Prime Minister Shigeru Ishiba said Friday ahead of cross-party talks on mitigating the impact.

Japanese firms are the biggest investors into the United States but Trump on Thursday announced a hefty 24-percent levy on imports from the close US ally as part of global "reciprocal" levies.

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