Japan is seeking talks between tariff negotiator Ryosei Akazawa and U.S. Treasury Secretary Scott Bessent when the U.S. official visits Japan for the World Expo next week, Yomiuri newspaper reported on Thursday citing Japanese government sources.

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Steep tariff rates are set to go back into effect after a 90-day pause on the April 2 rates that rocked the stock market.

Treasury Secretary Scott Bessent on Tuesday said the U.S. has taken in about $100 billion in tariff income so far this year, and this could grow to $300 billion by the end of 2025 as collections accelerate from President Donald Trump's trade campaign.

Japan is pushing to hold tariff negotiations with U.S. Treasury Secretary Scott Bessent during his upcoming visit to Osaka for the World Expo 2025, according to a Yomiuri report citing government sources.

President Donald Trump in April announced a 90-day pause on the tariffs he had unveiled just days prior on virtually every major trading partner.

Tariffs are set to return to President Donald Trump's original April levels without new trade deals by August 1, Treasury Secretary Bessent said Sunday.

U.S. Treasury Secretary Scott Bessent on Sunday warned that countries that don’t make trade deals with the U.S. will return to their April 2 tariff rates starting in August, while noting that the Trump administration expects a flurry of trade agreements to be completed this week ahead of President Donald Trump ’s original deadline.