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.

"Look, I don't think you can ever have enough pitching," Posey said. "So we'll just keep our options open for what might present itself."

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

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.

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.

Japan must diversify its trade relationships beyond the U.S. to mitigate risks, according to Hirofumi Yoshimura of the Japan Innovation Party. He suggests expanding ties with pro-free trade countries to strengthen economic security.

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.

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.