. Earth Science News .
TRADE WARS
US, Japan to open trade talks amid China deal optimism
By Heather SCOTT with Kyoko HASEGAWA in Tokyo
Washington (AFP) April 15, 2019

US and Japanese negotiators are set to open the first round of trade talks on Monday, in the latest front in President Donald Trump's aggressive, multi-pronged strategy to address "chronic US trade imbalances."

After launching blistering tariffs on allies and rivals alike, Trump's trade team has completed a new North American trade pact with Canada and Mexico -- the USMCA -- and another with South Korea.

The US also appears to be approaching the final stages of a deal with China, while preparing for the start of negotiations with Europe.

Trump has focused attention on the countries which have the biggest trade surpluses with the United States and pushed his preference for country-specific rather than multilateral deals.

US Trade Representative Robert Lighthizer and Japan's Economy Minister Toshimitsu Motegi will lead the two days of talks starting Monday afternoon.

Golf buddies Trump and Japanese Prime Minister Shinzo Abe agreed in September to launch the talks between the world's first and third-largest economies, which represent about 30 percent of global output.

In Tokyo last week, Motegi predicted the crunch talks would be "candid," with the first round focused on "making a decision on which areas we will discuss, chiefly in the field of goods."

"I will do my best to have thorough discussions so as to produce a good result in line with our national interest," he said.

The agreement between Trump and Abe said the negotiations initially would address "goods, as well as other key areas including services, that can produce early achievements," while leaving access for US agriculture to Japan's market for a later day.

In May, Trump ordered his administration to investigate the possibility of imposing tariffs of up to 25 percent on foreign autos and auto parts, a prospect that alarmed the industry and could have serious repercussions for Japan and Europe.

- 'Very quick agreement' -

US Agriculture Secretary Sonny Perdue said last week he was seeking a "very quick agreement" with Japan on tariff cuts for agricultural goods.

"I hope we can come to a very quick agreement with Japan over maybe some temporary ... provisions and hash out the many other issues that take longer in this area," Perdue told reporters in Washington, Kyodo News and the business daily Nikkei reported.

However, the US side is likely to run into opposition from Japan on this issue, Jiji Press reported, citing unnamed government sources.

"There's no way for us to conclude an agricultural deal first," a senior Japanese official told Jiji.

If Japan does so, it may violate World Trade Organization rules related to free-trade agreements, the officials noted, according to the report.

Tokyo is expected to counter with demands that the United States scrap tariffs on Japanese industrial goods if Washington urges an early opening of Japanese agricultural markets.

Tokyo aims to focus only on tariff matters, describing the talks as "TAG," or trade agreement on goods.

However, Washington trade officials have spelled out 22 specific negotiation areas also including non-tariff barriers in Japan's auto market and currency.

US Treasury Secretary Steven Mnuchin said Saturday any agreement will include a requirement to refrain from manipulating currencies to gain an advantage in international trade.

Trump and Abe will have plenty of opportunities to talk trade in the coming months. Abe is visiting the United States later this month and Trump is expected in Japan in May to pay his respects to the country's new emperor who will take the throne on May 1.

Trump is then expected back in Japan the following month as the western city of Osaka hosts the Group of 20 summit of world leaders on June 28-29.

burs-hs/dg


Related Links
Global Trade News


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


TRADE WARS
Regional Asian exporters could be 'crowded out' in US-China trade pact
Washington (AFP) April 12, 2019
A coming trade pact between Washington and Beijing could mean US goods will out-muscle regional Asian exporters reliant on sales to China, the International Monetary Fund warned Friday. "In the case of an agreement involving managed trade, with China committed to import more from the US, reducing imports from elsewhere can be an issue," Changyong Rhee, head of the IMF Asia Department, told reporters during the fund's spring meetings with the World Bank. "There could be negative impacts on other ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

TRADE WARS
Pentagon awards $976M on two contracts for border wall

Earth's recovery from mass extinction could take millions of years

Gun control, climate: a new US generation takes to the barricades

Lebanon sees eastern EU refugee hardline as model to follow

TRADE WARS
It's a one-way street for sound waves in this new technology

Spin lasers facilitate rapid data transfer

Ridding space of old satellites and debris

Maxar and NASA complete Design Review for Restore-L On-Orbit Servicing Spacecraft Bus

TRADE WARS
Water that never freezes

Iraq seeks to reassure over reservoirs and dam pressures

Carbon lurking in deep ocean threw ancient climate switch, say researchers

Global warming disrupts recovery of coral reefs

TRADE WARS
The oldest ice on Earth may be able to solve the puzzle of the planet's climate history

NASA Begins Final Year of Airborne Polar Ice Mission

Woolly mammoths, Neanderthals had similar genetic traits

Melting glaciers causing sea levels to rise at ever greater rates

TRADE WARS
Farming for natural profits in China

New pathways for sustainable agriculture

Genetic breakthrough on tropical grass could help develop climate-friendly cattle farms

Just how much does enhancing photosynthesis improve crop yield?

TRADE WARS
After cyclone ruin, back to square one for Mozambique's Beira

Brazil flooding unleashes caimans in Rio neighborhood

Mapping Armaggedon: Earth's looming tsunamis and mega-quakes

Floods force evacuation of hospital in southwest Iran

TRADE WARS
Defiant Sudan protesters seek army talks

US admits first civilian casualties in Somalia airstrikes

General Gaid Salah: key figure of power in Algeria

French troops move to Mali's crossroads region in anti-jihad push

TRADE WARS
Heads in the cloud: Scientists predict internet of thoughts 'within decades'

Is Earth Quarantined? Researchers Meet to Try Shed Light on Alien Riddle

Can technology improve even though people don't understand what they are doing?

Researchers get humans to think like computers









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.