Japan’s Kato Says Tariffs Not Right Tool to Fix Trade Imbalances

Japan told Group of 20 countries that tariffs aren’t the right way to fix imbalances, and that countries facing such situations need to address them through domestic efforts, according to Finance Minister Katsunobu Kato.

“Japan said that tariffs aren’t really the right tool to fix excessive current accounts imbalances,” Kato told reporters Thursday. US Treasury Secretary Scott Bessent did not attend the gathering.