The United States and Japan have reached the broad framework of a trade agreemen...
TOKYO - The United States and Japan have reached the broad framework of a trade agreement, Japan’s Nikkei business daily said on Saturday, with Tokyo making concessions on its agriculture but none immediately apparent from Washington on automobiles.
The report came shortly after Motegi told reporters in Washington that he and Lighthizer had made “big progress”. The United States will not cut the 2.5% tariff it applies on Japanese autos for now but separate talks on those would continue, the Nikkei reported. It said Washington was “moving in the direction” of scrapping tariffs on some of the 400 types of Japanese car parts that Tokyo is seeking.
He said Abe and Trump would confirm the progress that was made at the ministerial meetings and decide how to proceed.“We negotiated to protect Japan’s position, our position on agriculture,” he said.Motegi and Lighthizer initially planned two days of talks but negotiations extended to a third day on Friday in an effort to narrow differences on areas such as agriculture and automobiles.
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