Bilateral U.S.-Japan Trade Agreement Eases Tensions

The White House announced on September 25 that President Trump and Prime Minister Abe of Japan had come to an agreement to resolve several pending trade issues between the nations. The U.S. Trade Representative issued a fact sheet on the agreement, which primarily deals with tariffs on agricultural products coming from the U.S. and a variety of products from Japan. While the agreement did not explicitly take the threat of future tariffs on Japanese autos and auto parts off the table, the agreement between the countries is seen as a significant step forward to resolve other pending trade issues.

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