News

Japan, US kick off new trade negotiations

Japan and the United States are due to begin key trade talks AFP/File

Japan and the United States kick off a new round of trade negotiations on Monday, aiming to strike a two-way agreement. Japan wants to limit the scope of the talks, but the US seeks a wide-ranging deal.

Japan’s minister in charge of the negotiations, Toshimitsu Motegi, meets US Trade Representative Robert Lighthizer in Washington for the first round.

Newsletter sign up

Japanese officials want to confirm that the talks will focus on trade in goods.

Japanese officials want to limit negotiations on services and other areas not related to goods, to reach a deal quickly.

US President Donald Trump said in his economic report last month he wants free-trade deals covering a wide range of areas.

Japan’s Motegi has said the talks will likely touch on duties on products considered critical by both sides. Japanese officials are bracing for tough demands from the US on farm goods and autos.

Source

Are you enjoying the article? Join our community for even more!

 

Click Here

Related posts

Popcorn producers are feeling the heat of the U.S.-China trade war

Camila Coutinho

China is raising tariffs on $60 billion of US goods starting June 1

Camila Coutinho

Trump is threatening sanctions on Germany over its Russian gas pipeline, opening a new front in the trade war that the Kremlin calls ‘blackmail’

Camila Coutinho

Leave a Comment