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US Trade Talks with Japan and China – Confidence is High

Free Trade Zone in Asia - Pacific Rim Countries

The US – Japan trade talks will likely start in March, according to US Trade Representative Robert Lighthizer. This comment came from Mr Lighthizer while he was in Washington during a visit to Congress as he and giving congressional testimony as he is now the US` top trade negotiator. Keep in mind that he has over 25 years of experience in working with Japan regard trade, so the confidence level is high.

Japan and of course Mr Abe have been promoting free trade as part of a strategy that will give Japan a solid position to leverage its export-reliant economy. While Japan is bracing for bilateral talks with the United States, it has embarked on a revised Trans-Pacific Partnership that has free trade at is core. Japan has also signed an agreement with the European Union. 

In talks with the US, Japan wants to focus some of its energy on the non-tariff areas such as custom procedures and other areas that will allow for quick deacons and results. The US wants to renew talks regarding medicine and medical equipment. There will likely be a more positive stance taken between the US and Japan as these two countries have had many trade negotiations and have had success in the past. Japan, along with Australia, is the US best allies in the region. 

President Trump has stated that the China trade talks are moving along well. Lighthizer said Wednesday that he expects a level playing field with China in both intellectual and property rights.  President Trump has extended the deadline to raise tariffs on Chinese exports. Now Trump is saying that the prospects of signing a deal with China are good. Both he and Lightizer are optimistic as talks progress.

President Trump did not do a deal with North Korea as talks suddenly ended. Perhaps talks with China and Japan will turn out better as Trump seems more confident in dealing with experienced opponents. 

Team Classiarius 

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