Japan and the U.S May Come to Trade Deal
17.07.2019, 07:23

Japan and the U.S May Come to Trade Deal

Reuters reported this morning that the U.S and Japan are working towards a trade deal ‘involving agriculture and autos that could be agreed by President Donald Trump and Prime Minister Shinzo Abe when they meet in New York in September.’

The deal could involve Japan offering the U.S farmers new access to its market in return for a reduction in tariffs on a selection of Japanese auto parts, an auto industry official said. If the deal goes through, it will most likely be a win-win situation for both parties as Abe may gain ground on the auto parts industry and Trump may gain support from farmers ahead of the 2020 presidential election.

Another reason behind Trump’s positive stand on such a deal is that Trump’s administration is ‘looking for increased access for U.S beef and pork products,’ Reuters said.

Over the last couple of months, Trump has been fighting the fact that he believes there exist unfair trade imbalances which should be rectified. Specifically referring to Japan, he has said over and over that he is unhappy with the country’s surplus with the U.S, which was $67.6 billion in goods in 2018, nearly two-thirds of which were from auto exports, according to U.S figures.


Analysis and opinions provided herein are intended solely for informational and educational purposes and don't represent a recommendation or investment advice by TeleTrade. Indiscriminate reliance on illustrative or informational materials may lead to losses.

Symbol Bid Ask Time

© 2000-2023. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Live Chat E-mail
Choose your language / location