Mexican Media Brands
Japan-U.S. Trade Pact Near?
Envoys from Japan and the U.S. hope to deliver a narrowly defined trade deal by September covering U.S. agricultural goods and Japanese car parts, sources tell Reuters.
#economics
Share
Envoys from Japan and the U.S. hope to deliver a narrowly defined trade deal by September covering U.S. agricultural goods and Japanese car parts, sources tell Reuters.
The sources say Japan is willing to open its market to more goods from American farmers in exchange for lower U.S. tariffs on select Japanese auto parts. President Donald Trump has repeatedly threatened to impose 25% tariffs on cars from Japan if the two countries don’t reach an agreement soon.
Reuters sources say President Donald Trump is eager for a deal with Japan to bolster political support among U.S. farmers and give him more clout in pushing for a far broader trade deal with China.
Negotiators hope to have a U.S.-Japan deal ready in time for Trump and Japan Prime Minister Shinzo Abe to sign when they meet in New York City two months from now.
RELATED CONTENT
-
VW Warns of Higher Costs to Develop EVs
CEO Herbert Diess says the €20 billion ($23 billion) Volkswagen AG has budgeted to electrify its entire vehicle lineup won’t be enough to meet that goal.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.