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Japan and US – Trade Talks Hit A Wall

Japan and US - Trade Talks Hit A Wall

While it seems that Prime Minister Abe and President Trump are having a grand time at sumo championships, bbq`s and golf, the US-Japan trade talks are not moving forward as planned. The trade representatives for the two countries thought they would be able to, many expected them to, move forward and advance talks on Monday but there were some sticking points.

More specifically, the Japanese Representative Mr Motegi who doubles as the minister for economic and fiscal policy, and US Rep Robert Lighthizer have talked but they are stuck on tariffs for agriculture and industrial products. Trade talks started just hours after Mr Trump arrived for his four-day state visit and despite having high hopes for a solution, with Mr Motegi showing off a Pittsburgh Steelers jersey and talking about the rust belt in the US.

He said he hoped to have a solution that would please and benefit both parties. The US is seeking great access for US agricultural products such as beef, pork, and wheat as American farmers are looking for new markets to sell their goods. Japan for its part is looking to have auto tariffs reduced as it is a big part of the Japanese export machine. More on the Trump visit to Japan later this week.

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