Prime Minister Shigeru Ishiba proposed an emergency economic package on Friday to mitigate the impact of increased US import tariffs on Japanese households and businesses.

As claimed by Reuters, the measures include increased gasoline and electricity subsidies, as well as low-interest loans for small and medium-sized businesses. Ishiba urged ministers to support sectors such as automobiles and steel, which face significant risks.

Finance Minister Ryosei Akazawa stated that the package would be provided from reserve money, with additional actions feasible if necessary. He will visit Washington next week for further trade talks, Reuters reported.