Trump’s Japan Trade Deal
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Japan, Ishiba
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TOKYO: The EU and Japan pledged on Wednesday (Jul 23) to work together on championing a "free and fair" trade global system, as US tariffs and disputes with China rattle their economies. Brussels and Tokyo announced a "competitiveness alliance" to increase bilateral trade,
Leaders of the European Union and Japan have launched an alliance aimed at boosting economic cooperation, defending free trade and countering unfair trade practices as the two sides face growing challenges from the United States and China.
Shares of Japanese, South Korean and European automakers surged on Wednesday after U.S. President Donald Trump agreed to a trade deal with Tokyo that included reducing tariffs on Japanese auto imports to 15%,
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U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans.
Shares of Japanese and South Korean automakers surged on Wednesday after U.S. President Donald Trump announced a trade deal with Tokyo that sources said would include reducing a tariff on Japanese auto imports to 15%,
At Wednesday's summit, the EU and Japan are expected to reaffirm their commitment to a rules-based order, as both face trade disputes with the US, but the pair offer differing approaches to negotiations with the Trump administration.