By Leika Kihara TOKYO (Reuters) -Japanese Prime Minister Shigeru Ishiba said on Tuesday that he would continue negotiations with the U.S. to seek a mutually beneficial trade deal, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1.

"Look, I don't think you can ever have enough pitching," Posey said. "So we'll just keep our options open for what might present itself."

Nissan Motor has announced a suspension of US production for three of its vehicle models specifically designated for the Canadian market.

Trump’s renewed tariff threats hit some of the closest U.S. allies. Japanese Prime Minister Shigeru Ishiba described the developments as “deeply regrettable.”

Trump has now extended the deadline for negotiations to Aug. 1 and tinkered with his threatened tariffs, leaving the global trading system pretty much where it stood three months ago — in a state of limbo as businesses delay decisions on investments, contracts and hiring because they don’t know what the rules will be.

Japan must diversify trade ties beyond the U.S. market to mitigate risks and focus on partnerships with countries favouring free trade, Hirofumi Yoshimura, co-representative of the opposition Japan Innovation Party,

Tokyo: Japan s Vice Minister of Economy, Trade and Industry Kato Akiyoshi and Secretary Generalof theGulf Cooperation Council(GCC) Jasem Mohamed

Japan views tariffs on automobiles, one of the most important industries in the country, as a sticking point. Unlike most of the world, Japan remains intransigent on compromise.

Japan must diversify its trade relationships beyond the U.S. to mitigate risks, according to Hirofumi Yoshimura of the Japan Innovation Party. He suggests expanding ties with pro-free trade countries to strengthen economic security.

By Tamiyuki Kihara, Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) -When Japanese Premier Shigeru Ishiba first met Donald Trump in February, his plan to placate the protectionist president's long-held frustration with Tokyo on trade was a promise to invest $1 trillion in the United States.