Japan is "deeply concerned" about global economic fallout from U.S. President Donald Trump's trade tariffs, Finance Minister Katsunobu Kato said on Thursday in the government's strongest warning yet as the two nations began trade talks.

Japanese opposition lawmaker Shinji Oguma from the Constitutional Democratic Party sharply criticised US President Donald Trump’s tariff policies, calling them 'extortion' and urging Japan's ruling party to resist America's demands.

Statement: The U.S. is “taking in almost $2 billion a day in tariffs.” Before pausing country-by-country tariffs for 90 days, President Donald Trump repeatedly said tariffs were bringing in immense revenue.

Donald Trump claimed America is “taking in billions and billions of dollars” as a result of global trade tariffs. The US president said nothing he heard during a White House meeting with Italy's prime minister Giorgia Meloni on Thursday (17 April),

President Trump’s tariffs have brought in $250 million a day since he took office — a fraction of the daily $3 billion that he bragged his sweeping levies have generated. The massive contradiction comes from figures provided by the Customs and Border Protection — the agency charged with collecting all tariffs,