US Treasury Secretary Scott Bessent met Japan's PM but skipped tariff talks, deferring them until after Japan's July 21 election. The US plans new 25% tariffs on top of existing ones, citing a $69 billion trade gap. Japan's June exports to the US fell 11.4%, raising recession fears. Retail sentiment for the Japan ETF (EWJ) and the SPDR S&P 500 ETF Trust (SPY) remains 'neutral' on Stocktwits.