TOKYO: Japanese Prime Minister Shigeru Ishiba said on Monday that US tariffs have the potential to disrupt the global economic order, issuing his strongest warning to date about the damage President Donald Trump’s decisions could inflict on the world economy.
But he stressed that Japan will seek common ground with the United States on how the two countries can cooperate on issues ranging from trade and national security.
“In negotiating with the United States, we need to understand what’s behind Trump’s argument both in terms of the logic and the emotional elements behind his views,” Ishiba told parliament.
“I am fully aware that what’s happened so far has the potential to disrupt the global economic order,” he said.
Ishiba also said the government is not thinking of issuing a supplementary budget now but stood ready to act in a timely fashion to cushion the economic blow from US tariffs.
