[WASHINGTON] US and Japanese officials are working hard to reach agreement on a bilateral trade agreement, a senior Japanese official told Reuters on Wednesday, adding he was looking forward to news on the deal in the near future. Read more at The Business Times.
Mr Trump and Mr Abe discussed trade in late May and then again in Osaka, Japan, during a Group of 20 meeting last month, but no details of their talks were released.The source said the Trump administration was rushing to conclude a deal with Japan to use as leverage in its sputtering negotiations with China on.
Improved access to the Japanese market would help the United States compete with members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership , a trade agreement among Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
Mr Trump, angry about Japan's US$67.6 billion trade surplus with the United States, has threatened to slap 25 per cent tariffs on imported Japanese cars but delayed those as talks continue.
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