George Glass, the new U.S. Ambassador to Japan said he is "extremely optimistic" Tokyo and Washington can reach a deal over tariffs between the two countries, while presenting a unified front against China and Russia.

President Donald Trump said negotiators made “big progress” in trade talks with Japanese representatives seeking exemptions from the levies slapped on US trading partners.

Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the U.S., the Finance Ministry reported Thursday. Japan’s global trade deficit totaled 5.2 trillion yen ($37 billion) for the fiscal year through March,

A Boeing jet earmarked for China was returning to the United States on Friday, flight tracking data showed, as the planemaker's flagship delivery plant outside Shanghai was drawn into a deepening tariff war between Beijing and Washington.

Boeing faced new questions over the impact of tariffs on imports into China on Thursday as the spotlight fell on the fate of jets waiting at an aircraft completion plant near Shanghai. The U.S. planemaker was reported earlier this week to face a Chinese ban on its imports,

Boeing already was suffering in its competition with Airbus before Trump started his tariff war. That won't make things any easier for America's top export company.

As tariff uncertainty continues, the Federal Reserve is growing more concerned. “The level of tariff increases announced so far is significantly larger than anticipated, and the same is likely to be true of the economic effects,