U.S.-Japan trade deal ‘is done in principle,’ Trump says - DMT NEWS

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U.S.-Japan trade deal ‘is done in principle,’ Trump says

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BIARRITZ, France — President Donald Trump said Sunday that a trade deal with Japan “is done in principle.”

“We have been working on a deal with Japan for a long time,” he said at the G7 summit alongside Japanese Prime Minister Shinzo Abe and teams from both countries. “It involves agriculture, it involves e-commerce. It involves many things. We’ve agreed in principle.”

“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 said he expects to sign the deal around meetings of the United Nations General Assembly next month in New York. “We’ve agreed to every point and now we’re papering it and we’ll be signing it at a formal ceremony.”

Abe said the agreement followed “a series of intensive negotiations.”

“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.”

U.S. Trade Representative Robert Lighthizer said the deal focuses on three main areas: “agriculture, industrial tariffs and digital trade.”


Article originally published on POLITICO Magazine



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Gabby Orr, DMT.NEWS