Japan , U.S. reach framework trade pact, no U.S. concessions seen - Nikkei
The United States and Japan have reached the broad framework of a trade agreemen...David Lawder 4 Min Read TOKYO (Reuters) - The United States and Japan have reached the broad framework of a trade agreement, Japan’s Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles. FILE PHOTO: Japan's Minister of Economic Revitalization Toshimitsu Motegi speaks during the signing agreement ceremony for the Trans-Pacific Partnership (TPP) trade deal, in Santiago, Chile March 8, 2018. REUTERS/Rodrigo Garrido U.S. Trade Representative Robert Lighthizer and Economy Minister Toshimitsu Motegi reached the deal in Washington on Friday, with Tokyo cutting tariffs on U.S. beef but Washington maintaining tariffs on Japanese autos, Nikkei said. The newspaper did not cite any sources for its information. The results of the Lighthizer-Motegi talks will be announced at a meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe expected on Sunday on the sidelines of the Group of Seven summit in Biarritz, France, the Nikkei said. The report came shortly after Motegi told reporters in Washington that he and Lighthizer had made “big progress”. Motegi said the three-day talks that ended on Friday would probably be the last ministerial-level discussions and working-level officials would continue to hammer out on details. Japan will cut its tariffs on U.S. beef and pork to the levels applied to members of the Trans-Pacific Partnership (TPP) agreement, the Nikkei said. Trump pulled America out of the TPP, which had been championed by his predecessor, Barack Obama. The United States will not cut the 2.5% tariff it applies on Japanese autos for now but separate talks on those would continue, the Nikkei reported. It said Washington was “moving in the direction” of scrapping tariffs on some of the 400 types of Japanese car parts that Tokyo is seeking. Trump and Abe may sign the pact in late September if they can reach a final deal, the Nikkei said. They were expected to meet then on the sidelines of the United Nations General Assembly. “I think how we proceed the talks from now on, and the time schedule, will be announced at the summit meeting scheduled in Biarritz,” Motegi said. He said Abe and Trump would confirm the progress that was made at the ministerial meetings and decide how to proceed. “We have been making efforts to narrow gaps,” Motegi said. “We negotiated to protect Japan’s position, our position on agriculture,” he said. Japanese officials had previously said Tokyo could cut tariffs to TPP levels but no further. Motegi and Lighthizer initially planned two days of talks but negotiations extended to a third day on Friday in an effort to narrow differences on areas such as agriculture and automobiles. Trump is unhappy with Tokyo’s large trade surplus and he could pile pressure on Japan to curb its auto exports to the United States and open its highly protected agriculture market to fix what he calls unfair trade imbalances. Related Coverage Japan, U.S. reach framework trade pact, no tariff cuts on Japan cars: Nikkei Motegi declined to comment on details but said the negotiations were based on the two nations’ joint statement in September. Trump will talk to his counterparts during his visit to France about how to open up their markets to ensure U.S. businesses have avenues to sell goods and services. The United States and China are also engaged in an expensive trade dispute that has disrupted financial markets worldwide. Reporting by Kaori Kaneko in TOKYO, David Lawder, Andrea Shalal and Jonas Ekblom in WASHINGTON, and Chizu Nomiyama in NEW York; Editing by Cynthia Osterman and Paul Tait Our Standards: Read more: Reuters Top News
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Japan, U.S. negotiators fail to reach agreement on trade, to extend talksTop negotiators for Japan and the United States on Thursday failed to reach an a... 🙏 Odd...but with China succeeded No one wants to deal with USA while Trump is in office as President..,Trump is a liar and emotionally and mentally unstable and not fit to be the leader is the USA.
Can Japan Show the World How to Avoid Trump’s Trade Hammer?Heard on the Street: If Japan ’s flattery of President Trump can’t get Tokyo a trade deal, Brussels and Beijing have little chance Japan won't bend over for trump. Don't forget that they are samurai, not golfer WTF! WSJ? You do realise Abe is a hard right winger just like Trump? ‘Japan asked politely’- erm and the article was written by an intern? 😂🤦🏾♀️
Japan, U.S. made 'big progress' in trade talks: Japanese ministerThe United States and Japan have made 'big progress' in bilateral trad... In an insane world......... Japan so far has not caught the loony flu. Go Japan!!! Trump. What will repare the tiff. Offer Nucor’s stainless pots & pans. They only have woks
South Korea cancels Japan intelligence deal amid trade disputeSouth Korea will stop exchanging classified intelligence on North Korea with Japan amid a bitter trade dispute, Seoul said Thursday in a surprise announcement that is likely to set back U.S. efforts to bolster security cooperation with two of its allies.
S. Korea cancels Japan intelligence deal amid trade disputeSouth Korea will stop exchanging classified intelligence on North Korea with Japan amid a bitter trade dispute, Seoul says in a surprise announcement. BuckTurgidson79 Bad call SK needs all the allies they can get. This is a dumb move on their part. Shit must be catchy.
China treads a fine line as it seeks to mediate in Japan-South Korea trade disputeChina appears to be stepping up to mediate between Japan and South Korea as their trade battle intensifies — a move that could prompt the U.S. to get more involved in the region, one expert says.