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Explainer: Abe, Trump head for trade deal; auto tariffs a sticking point

“Japanese officials have said that under a September 2018 agreement, the United States would not impose added auto tariffs while trade talks were under way” writes Midwest Communications Inc for 95kqds.com. Japanese auto exports account for about two-thirds of its trade deficit with the United States and the added tariffs would deal a blow to Japan’s trade-reliant economy.TOKYO (Reuters) – U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe are expected to clinch a deal on farm tariffs and digital trade when they meet in New York next week.However, Japanese officials said the country’s total feed corn imports wouldn’t increase.A preliminary deal announced on Aug. 25 included reduced U.S. tariffs on unspecified industrial products but Lighthizer said these did not include autos.
 
Source: 95kqds.com



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