Negotiations have stalled ahead of next week’s deadline, with some suggesting Japan misjudged the depth of President Trump’s frustration over Tokyo’s policies.

Why It Matters Early on, Trump had expressed optimism about the potential for a quick trade deal with Japan, as he sought to renegotiate terms with dozens of countries during his reciprocal tariff pause.

Japanese Prime Minister Shigeru Ishiba said on Wednesday he was determined to protect his country's national interests as trade negotiations with the U.S. struggled and President Donald Trump threatened even higher tariff rates on the Asian ally.