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Japan media split on U.S. investment after tariff ruling

Feb. 22 (Asia Today) — Major Japanese newspapers welcomed a U.S. Supreme Court ruling that struck down President Donald Trump’s reciprocal tariffs as illegal, but they diverged on whether Tokyo should reconsider its large-scale investment in the United States.

The court ruled Thursday that Trump’s tariffs imposed under the International Emergency Economic Powers Act violated Congress’s constitutional authority to levy taxes. As a result, Japan’s 15% reciprocal tariff lost its legal effect.

Trump, however, invoked Section 122 of the Trade Act and issued an executive order imposing an additional 10% tariff on all imports beginning Monday.

The conservative Yomiuri Shimbun said the ruling effectively curbed the “weaponization” of tariffs and could force Trump to recalibrate his deal-focused diplomacy. Citing Edward Fishman of the Council on Foreign Relations, the paper said using emergency economic powers to impose tariffs has now become “virtually impossible.”

The conservative Sankei Shimbun also welcomed the decision as a check on indiscriminate high tariffs on allies. However, it warned of “new turbulence” in U.S.-Japan trade ties as Trump moves forward with fresh duties under other trade provisions.

In a Feb. 22 editorial, Sankei urged the government of Prime Minister Sanae Takaichi to safeguard national interests at a planned summit in March. The paper called for reaffirming Japan’s $550 billion investment package in the United States, preventing additional unfavorable conditions and clarifying tariff refund procedures for Japanese firms.

William Cho, deputy director for Japan at the Hudson Institute, told Sankei in an interview that renegotiating the investment agreement in light of the court ruling would be unwise, describing projects such as natural gas power generation as both economic and political in nature.

By contrast, the liberal Asahi Shimbun characterized the ruling as a victory for the separation of powers, saying even a conservative Supreme Court had reaffirmed constitutional limits on executive authority. The paper urged Trump to withdraw tariff measures immediately and restore free trade principles, while calling on Tokyo to review the $550 billion investment deal.

The Mainichi Shimbun criticized what it described as Trump’s expansive legal interpretation of presidential authority and warned that continued reliance on Section 122 could undermine the premise of Japan’s 80 trillion yen investment plan.

Despite differing views on investment policy, the four major dailies – Yomiuri, Sankei, Asahi and Mainichi – described the ruling as a welcome brake on high tariffs.

On investment strategy, however, the dominant view expressed by Yomiuri and Sankei favors maintaining and managing U.S. investments in line with national interests, a stance that mirrors the Japanese government’s position.

Economy, Trade and Industry Minister Ryosei Akazawa recently reaffirmed that there is no change to the $550 billion investment agreement during talks with U.S. Commerce Secretary Howard Lutnick. A government official also said Japan’s overall investment plan remains intact.

With Takaichi planning a March visit to Washington and Trump expected to visit China around the same time, Japanese media are closely watching how Tokyo balances national interests within the evolving U.S.-Japan-China dynamic.

— Reported by Asia Today; translated by UPI

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Original Korean report: https://www.asiatoday.co.kr/kn/view.php?key=20260222010006426

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