Mexican Media Brands
U.S.-Japan Trade Pact Near “Final Stage”
Japan’s top trade negotiator says Japan and the U.S. are approaching the “final stage” of a sweeping bilateral trade agreement.
#economics
Share
Japan’s top trade negotiator says Japan and the U.S. are approaching the “final stage” of a sweeping bilateral trade agreement.
The latest round of talks began in Washington, D.C., earlier today and are expected to continue into the weekend. “We are putting national interests at stake, and the negotiations are tough,” Toshimitsu Motegi tells reporters. But he says the two sides have been able to “deepen our discussions.”
Primary sticking points are greater U.S. access to the Japanese market for American beef and agricultural products, in return for an end to U.S. tariffs on Japanese cars and other industrial goods.
Motegi says negotiators have accelerated the pace of discussions. Their aim is to enable President Donald Trump and Prime Minister Shinzo Abe to reach a formal agreement during a United Nations General Assembly session in New York City in late September.
RELATED CONTENT
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
China and U.S. OEMs
When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.