Japan, Trade
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CBS Texas on MSN20m
Trump announces U.S. trade agreement with JapanThis agreement includes a 15% "reciprocal" tariff on exported Japanese goods, a drop from the 25% previously proposed. More than 1/3 of U.S. imports from Japan last year were cars and car parts. Which comes out to about $52 billion.
President Trump announced deals with Japan, Philippines and Indonesia, but many other countries have yet to clinch agreements.
At Wednesday's summit, the EU and Japan are expected to reaffirm their commitment to a rules-based order, as both face trade disputes with the US, but the pair offer differing approaches to negotiations with the Trump administration.
President Trump has hinted at a forthcoming visit to China to potentially reset US-China relations. A summit with President Xi Jinping is anticipated to stabilize the turbulent relationship marked by past trade disputes.
President Donald Trump says a trip to China may happen soon, hinting at efforts to stabilize U.S.-China trade relations
The US-China trade deal is likely a precursor to certain other agreements on Fentanyl and Nvidia semiconductor chip exports, but an eventual decoupling is inevitable.
The European Commission is focused on resolving trade discussions with the United States through negotiations, while also preparing for potential countermeasures if needed. Trade Commissioner Maros Sefcovic is set to speak with U.
The Chinese commerce ministry said on Friday that Beijing and Washington had stepped up efforts to implement what they had agreed during recent trade talks but cautioned the U.S. against destabilising their "hard-won" consensus.
U.S. Trade Representative Calls Out China for Harmful Policies ... and diplomatic and economic relations between the two countries have deteriorated. The U.S. release of Meng Wanzhou, ...
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