Trump, Abe say U.S. and Japan have agreed in principle on trade deal

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The United States and Japan agreed in principle on Sunday to core elements of a trade deal that U.S. President Donald Trump and Prime Minister Shinzo Abe said they hoped to sign in New York next month.

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BIARRITZ, France (Reuters) – The United States and Japan agreed in principle on Sunday to core elements of a trade deal that U.S. President Donald Trump and Prime Minister Shinzo Abe said they hoped to sign in New York next month.

U.S. President Donald Trump and Japan’s Prime Minister Shinzo Abe shake hands as they attend a bilateral meeting during the G7 summit in Biarritz, France, August 25, 2019. REUTERS/Carlos Barria

Abe, meanwhile, seemed to want to hedge against Trump’s suggestion that the corn purchases were a done deal, but he said insect pests had affected some agricultural products in Japan, creating a need to buy certain products.

“We believe that there is a need for us to implement emergency support measures for the Japanese private sector to have the early purchase of the American corn,” he said. “So that’s why, against such backdrop, I do think that there is a possibility for us to cooperate to address this issue.”

Trump is eager to help out farmers who have been hurt by the trade dispute with China, particularly in political swing states that he needs to support him in his bid for re-election in 2020.

Reporting by Jeff Mason; Editing by Lisa Shumaker and Sandra Maler


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Author:

The United States and Japan agreed in principle on Sunday to core elements of a trade deal that U.S. President Donald Trump and Prime Minister Shinzo Abe said they hoped to sign in New York next month.

Source: {authorlink}

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