The United States and Japan have made 'big progress' in bilateral trad...
WASHINGTON - The United States and Japan have made “big progress” in bilateral trade talks and shared the understanding of the directionality of the trade talks, Japanese Economy Minister Toshimitsu Motegi said on Friday.
“We made a big progress. We shared the directionality of the trades,” Motegi told reporters in Washington, D.C. Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump plan to hold a meeting on the sidelines of a weekend Group of Seven summit in Biarritz, France. Trump is unhappy with Tokyo’s large trade surplus, and he could pile pressure on Japan to curb its auto exports to the United States and open its highly protected agriculture market to fix what he calls unfair trade imbalances.Related CoverageMotegi declined to comment on details but said the negotiations were based on the two nations’ joint statement in September. That said Japan could make no concessions beyond what Tokyo has agreed on other economic partnerships.
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