WASHINGTON: US and Japanese negotiators are set to open the first round of trade talks on Monday , in the latest front in President Donald Trump's aggressive, multi-pronged strategy to address"chronic US trade imbalances".
Golf buddies Trump and Japanese Prime Minister Shinzo Abe agreed in September to launch the talks between the world's first and third-largest economies, which represent about 30 percent of global output. In May, Trump ordered his administration to investigate the possibility of imposing tariffs of up to 25 per cent on foreign autos and auto parts, a prospect that alarmed the industry and could have serious repercussions for Japan and Europe.US Agriculture Secretary Sonny Perdue said last week he was seeking a"very quick agreement" with Japan on tariff cuts for agricultural goods.
"There's no way for us to conclude an agricultural deal first," a senior Japanese official told Jiji. Tokyo aims to focus only on tariff matters, describing the talks as"TAG", or trade agreement on goods.
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