Japan’s top government spokesman denied that Tokyo made too many concessions in trade talks with the United States, saying the fact the two countries were able to reach a broad agreement was 'very valuable'. More here:
TOKYO - Japan’s top government spokesman denied on Monday that Tokyo made too many concessions in trade talks with the United States, saying the fact the two countries were able to reach a broad agreement was “very valuable.”
In announcing the deal with Abe on the sidelines of a Group of Seven summit in Biarritz, France, Trump made no public commitment to drop his threat to slap additional tariffs on Japanese automobiles. Lighthizer said the deal, which covered agriculture, industrial tariffs and digital trade, would open up Japanese markets to U.S. goods and lead to a substantial reduction in tariffs on such items as beef.
There was little information on what Japan gained from the deal. Japan’s Nikkei newspaper reported the United States will not cut the 2.5% tariff it applies on Japanese automobiles for now, and it will be discussed in separate talks.
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