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U.S. and Japan sign limited trade deal

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Christian Fernsby ▼ | September 26, 2019
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.
Trump and Abe
Asia   Trump and Abe
Trump said the first-phase deal would open up Japanese markets to some $7 billion worth of U.S. products annually, cutting Japanese tariffs on American beef, pork wheat and cheese.

Topics: U.S. Japan trade

Although the agreement does not cover trade in autos, Abe said he had received reassurance from Trump that the United States would not impose previously threatened “Section 232” national security tariffs on Japanese car imports.


 

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