President Donald Trump said Sunday that a trade deal with Japan “is done in principle.”
BIARRITZ, France —
U.S. Trade Representative Robert Lighthizer said the preliminary agreement is three-fold, addressing industrial tariffs, agriculture and digital trade. It does not eliminate 2.5 percent tariffs on Japanese vehicles or major auto parts, he said. Japan has repeatedly asked the Trump administration to lift the tariffs in previous negotiations.
“We have excess corn in various parts of our country ... and Prime Minister Abe on behalf of Japan they’re going to be buying all of that corn,” Trump added. “We have successfully reached consensus with regard to the core elements related to agricultural and industrial trade,” Abe said. “We still have some work that needs to be done... but we would like to make sure that our teams would accelerate the remaining work so as to achieve the goal of signing this agreement on the margins of the UN General Assembly in September.”
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