Japan's trade deal with the U.S. must include tariff concessions for its vital automobile industry, top trade negotiator Ryosei Akazawa said on Tuesday, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1.

President Donald Trump sent out letters to nations that haven't entered into trade agreements with the U.S., informing them of their new tariff rates.

The head of one of Japan’s most powerful business lobbies has accused the government of a “mistake” in its trade negotiating strategy with the US, after President Donald Trump announced 25 per cent tariffs on Washington’s closest Asian ally.

By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Tuesday that he would continue negotiations with the U.S. to seek a mutually beneficial trade deal, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1.

Japanese Prime Minister Shigeru Ishiba pushed back against the idea there has been little progress in negotiations with the US on a trade deal as a deadline looms for a 24% across-the-board tariff to take force.

Trump’s renewed tariff threats hit some of the closest U.S. allies. Japanese Prime Minister Shigeru Ishiba described the developments as “deeply regrettable.”

Japan views tariffs on automobiles, one of the most important industries in the country, as a sticking point. Unlike most of the world, Japan remains intransigent on compromise.

BRUSSELS (Reuters) -European Commission President Ursula von der Leyen and U.S. President Donald Trump had a "good exchange" on Sunday, a Commission spokesperson said on Monday, adding that the EU's aim remained to reach a trade deal with Washington by July 9.