Japan denies it gave away too much in trade talks with US

TOKYO - Japan's top government spokesman denied on Monday that Tokyo made too many concessions in trade talks with the United States, saying the fact the 2 countries were able to reach a broad agreement was "very valuable."

The agreement, if finalized, would cool a trade dispute between the two allies just as a trade war between the United States and China escalates, but some Japanese commentators say Tokyo gave up too much. "Japan and the US have negotiated based on the joint statement last September. And related ministers agreed based on that, so it was very valuable," Suga said.

Lighthizer said Japan imports about $14 billion worth of US agricultural products and added the agreement would open up markets to over $7 billion of such products. He said beef, pork, wheat, dairy products, wine, and ethanol would benefit.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US, Japan agree trade deal 'in principle'
Source: ANCALERTS - 🏆 26. / 50 Read more »

Japan, U.S. reach broad agreement on trade deal – reportsAccording to reports, this progress 'will be confirmed at the Japan-US summit' on the sidelines of the G7 summit in France, quoting Japan's minister in charge of trade talks with the US.
Source: rapplerdotcom - 🏆 4. / 86 Read more »

U.S., Japan agree on trade deal 'in principle'(UPDATED) Japan's Prime Minister Shinzo Abe confirms the US and Japan 'successfully reached consensus' after 'intense' negotiations
Source: rapplerdotcom - 🏆 4. / 86 Read more »

US State Department warns Iran after 'threats' against US citizenThe US is warning Iran it's taking Tehran's threats seriously and will hold it accountable if it compromises the safety of any American.
Source: CNN Philippines - 🏆 13. / 63 Read more »

IN PHOTOS: Benjamin Alves and Chelsea Robato's long weekend trip in JapanBenjamin Alves and Chelsea Robato spice up their relationship by spending the long weekend in Japan.
Source: gmanetwork - 🏆 12. / 63 Read more »

South Korea begins annual war games to defend against JapanThe 'East Sea territory defence training' aims to solidify the South Korean military's resolve to defend the Dokdo islands and its surrounding areas.
Source: rapplerdotcom - 🏆 4. / 86 Read more »