Tags: Trump Administration | UN | UN | General Assembly | Trump | Japan

Trump: US, Japan Agree on 1st Stage of New Trade Agreement

Trump: US, Japan Agree on 1st Stage of New Trade Agreement
US President Donald Trump and Japanese Prime Minister Shinzo Abe shake hands after signing a trade agreement in New York Wednesday. (SAUL LOEB/AFP/Getty Images)

Wednesday, 25 September 2019 12:30 PM

President Donald Trump has announced the "first stage of a phenomenal new trade agreement" with Japan.

It's not immediately clear from Trump's comments on the sidelines of the U.N. General Assembly what that "first stage" includes.

But Washington and Japan — which is the world's third largest economy — have been in long, sometimes contentious negotiations on a trade deal.

There's reportedly been considerable behind-the-scenes wrangling because of Japan's concern about the possibility of future U.S. tariffs on Japanese auto exports.

Trump says Japan will open new markets to approximately $7 billion in U.S. agriculture products, including beef, pork, wheat, cheese, corn, wine and more.

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Politics
President Donald Trump has announced the "first stage of a phenomenal new trade agreement" with Japan.It's not immediately clear from Trump's comments on the sidelines of the U.N. General Assembly what that "first stage" includes.
UN, UN, General Assembly, Trump, Japan
103
2019-30-25
Wednesday, 25 September 2019 12:30 PM
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