U.S., Japan sign limited trade deal, leaving autos for future talks

NEW YORK - U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe signed a limited trade deal on Wednesday that cuts tariffs on U.S. farm goods, Japanese machine tools and other products while further staving off the threat of higher U.S. car duties.

A Japanese government statement also said further talks would seek to eliminate the existing 2.5% U.S. tariff on Japanese cars and would not result in the imposition of U.S. import quotas on Japanese autos. The U.S.-Japan talks, launched a year ago, hit a snag earlier this week as Japan had sought last-minute assurances that Trump would not impose the Section 232 tariffs.

Under the agreement, Japan would open new markets to about $7 billion in American agricultural products, Trump said. “Japanese tariffs will now be significantly lower or eliminated entirely for U.S. beef, pork, wheat, cheese, corn, wine and so much more.”

If getting a trade deal with an ally like Japan took this long and it had to be a limited trade deal lacking resolution for the auto sector, you have to wonder how long it'll take to get a deal between the US and China that encompasses strategic considerations as well.

Even though Autos is the largest part of Japan-US trade. Indiligence.

Toyota The Best in Quality and Price ! US car makers The Nightmares of Money and Quality !

So, nothing important really?

Reuter’s history. Look it up

And Ichiro’s number will be retired on both sides of the ocean.

Every things Ok. We're good.

You mean leaving auto talks until Trump is impeached and voted out...just like China is doing.

Thanks President Trump!

👀

The Democrats trying to hold this country back...

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