Japan is likely to seek a telephone conversation between Akazawa and Bessent before the latter arrives and an in-person meeting during the U.S. official's stay, the Yomiuri reported. It may also seek a meeting between Ishiba and Bessent as well, the newspaper reported.

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.

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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.

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.

Treasury Secretary Scott Bessent makes the case that Trump's tariffs have not caused inflation, or even significant price increases, during an interview on "FOX News Sunday." SHANNON BREAM: The most recent poll shows that 57% of Americans think tariffs will hurt the U.

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.

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.