Japanese Economy Minister Toshimitsu Motegi is making preparations to meet with ...
TOKYO - Japanese Economy Minister Toshimitsu Motegi is making preparations to meet with U.S. Trade Representative Robert Lighthizer in Washington on Aug. 1 for ministerial-level trade talks, two sources familiar with the matter said.
U.S. President Donald Trump has pressured Tokyo to speed up talks for a two-way trade deal that would open up Japan’s market for U.S. goods, particularly in areas of agriculture, and fix what he sees as a huge bilateral trade imbalance. Bilateral trade negotiations are expected to speed up ahead of an expected visit by Japanese Prime Minister Shinzo Abe to New York in September, where he is expected to meet Trump, according to Japanese officials.Although Abe is one of Trump’s closest allies, the president has threatened to slap on 25% tariffs on car imports from Japan to smooth out what he calls an unfair trade imbalance.
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