Japan is pulling out all the stops to counter the effects of new U.S. tariffs and support affected industries, with the prime minister vowing to ¡°unite the entire country¡± in response to what he calls a ¡°national crisis.¡±
¡±We must call this a national crisis,¡± Prime Minister Shigeru Ishiba told the Lower House on Friday morning. ¡°The government will do its utmost to respond to this crisis, involving the entire country.¡±
On Wednesday in Washington, U.S. President Donald Trump announced new tariffs on goods coming from almost every jurisdiction on earth. Japan was hit with 24% levies, leaving the country, which has been lobbying for and hoping for an exemption or far lower rates, shocked.
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