US President Donald Trump and Japan Prime Minister Shinzo Abe announced to have agreed in principle on trade deal, at a joint press conference at G7 in France. The teams are now working on finalizing the agreement for signing next month.
Trump said “It’s a very big transaction, and we’ve agreed in principle. It’s billions and billions of dollars. Tremendous for the farmers”. US Trade representative Robert Lighthizer said the agreement “will lead to substantial reductions in tariffs and non-tariff barriers across the board.”
Abe also noted “we still have some remaining work that has to be done at the working level, namely finalizing the wording of the trade agreement and also finalizing the content of the agreement itself… But we would like to make sure that our teams … accelerate the remaining work for us to achieve this goal of realizing the signing of the agreement on the margins of the U.N. General Assembly at the end of September.”
