Japan, US ministers meet for trade talks as hopes for early deal fade

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Japan and the United States will seek to narrow gaps on trade when their top negotiators meet this week, but hopes for a deal in September are ...

TOKYO: Japan and the United States will seek to narrow gaps on trade when their top negotiators meet this week, but hopes for a deal in September are fading as both sides fail to make concessions on agriculture and automobiles, sources say.

Japan also hopes for a timely deal to avoid being slapped with up to 25per cent tariffs on automobile exports to the United States. Trump threatened to do so on national security grounds in May, but put off imposing the duties by six months. "If there is to be an 'agreement' we need to have something we can formally announce, which is tough," said another Japanese official, adding that it will be difficult to agree on a deal in September unless Washington makes more concessions.Channel NewsAsia - Sentifi topic widgetUnder his"America First" policy, Trump has been urging Japan and other trading partners to take steps to fix what he sees as unfair trade imbalances with the United States.

U.S. beef and pork farmers have been lobbying Trump to push Japan to agree to the same low tariffs for their products applied to imports from Trans-Pacific Partnership signatory countries like Australia and Canada. Trump pulled the United States out of TPP when he took office in 2017.

 

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