The United States and Japan are working on a quid pro quo deal involving agricul...
WASHINGTON - The United States and Japan are working on a quid pro quo deal involving agriculture and autos that could be agreed by President Donald Trump and Japanese Prime Minister Shinzo Abe when they meet in New York in September, three industry sources familiar with the discussions said on Tuesday.
Such a deal would give Abe a win on autos, while helping Trump shore up support among farmers, an important constituency ahead of the 2020 presidential election. One of Trump’s first acts as president was to pull the United States out of that agreement’s predecessor, which killed the deal. Trump has repeatedly said he is unhappy with Japan’s trade surplus with the United States, which was $67.6 billion in goods in 2018, with nearly two-thirds coming from auto exports, according to U.S. figures. Trump has threatened to impose 25% tariffs on imported Japanese cars on national security grounds but delayed those as trade talks continue.
Asked about the possibility of such a deal, a Japanese government official declined to comment but said working level discussions on trade were under way.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan trade minister blasts South Korea for 'mistaken' explanation after bilateral meetingJapanese Trade Minister Hiroshige Seko said on Tuesday it was 'regrettable&...
Read more »
Japan-South Korea dispute is 'disturbing and unhelpful' for the global economy, says economistTensions between Japan and South Korea come as the U.S. and its trading partners are embroiled in a global trade war.
Read more »
U.S. ambassador to Japan to resign this monthU.S. Ambassador to Japan William Hagerty is resigning this month after two years...
Read more »
In Japan, fewer people means more animalsEvery year bears injure scores of people and kill a handful
Read more »