Trump Says U.S. Reaches Trade Deals With Japan, No Word on Cars
U.S. President Donald Trump said on Monday Washington had struck trade agreements with Tokyo that could be implemented without congressional approval, but stopped short of assuring Japan that new tariffs would not be slapped on vital auto exports, Reuters reports.
In a letter to the U.S. Congress released by the White House, Trump said that he intends to enter into the agreements on tariff barriers and digital trade “in the coming weeks” and was notifying lawmakers that the tariff deal would be made under a trade law provision allowing the U.S. president to make reciprocal tariff reductions by proclamation.
“In addition, I also will be entering into an Executive Agreement with Japan regarding digital trade,” Trump said in the letter.
Neither agreement would require a vote in Congress under the so-called “fast track” approval process. The Trump administration last year notified Congress that it would pursue negotiations with Japan under this method.
On a critical issue to Japan, Trump’s announcement left unclear whether he has agreed not to impose threatened national security tariffs on Japanese vehicles and auto parts. Avoiding the “Section 232” tariffs of up to 25% was a major motivating factor for Tokyo in negotiating with Washington on trade.
“At the finishing stage, we plan to reconfirm that 232 won’t be imposed,” Foreign Minister Toshimitsu Motegi, Japan’s lead negotiator, told a regular news conference in Tokyo on Tuesday.
Finance Minister Taro Aso said the deal won’t contain any provision on currencies - another worry for Tokyo. Japan wants to avoid any agreement hindering its ability to intervene in the foreign-exchange markets in the event of a spike in the yen, or to expand the Bank of Japan’s massive monetary stimulus.
Trump said after the G7 summit last month that he was not considering auto tariffs “at this moment”.
Over much of the past year, the scope of talks has narrowed to exclude the automotive sector, the source of most of the $67 billion U.S. trade deficit with Japan.
Instead, Trump and Prime Minister Shinzo Abe in August announced an agreement in principle of a deal that covered reductions in tariffs on agricultural and industrial goods, but not autos.
A spokesman for U.S. Trade Representative Robert Lighthizer could not immediately be reached for comment on the letter and the trade deals.
Trump and Abe said at the G7 summit in France that they hoped to sign the agreement at this month’s United Nations General Assembly in New York.
Trump’s letter did not disclose any content of the agreements, but Japan had previously said it was willing to consider a deal that would reduce agriculture tariffs to levels previously contemplated under the Trans-Pacific Partnership, a trade deal that Trump quit on his third day in office in 2017.
Trump’s letter said that the United States would pursue further trade negotiations with Japan.
“My Administration looks forward to continued collaboration with the Congress on further negotiations with Japan to achieve a comprehensive trade agreement that results in more fair and reciprocal trade between the United States and Japan,” Trump said.
U.S. technology industry officials say they expect the digital trade agreement with Japan to be closely aligned with provisions in the new U.S.-Mexico-Canada Agreement (USMCA), which follow the U.S. model for internet development.
The USMCA provisions aim to ensure the free flow of data across borders without taxation, prohibit data server localization requirements and limit governments’ ability to require the disclosure of source code by the companies they regulate.
For Trump, the signing of even a partial trade deal with Japan centered largely on agriculture would provide some relief to U.S. farmers who have been battered by a 14-month U.S.-China trade war and lost market share.
-
17:08
The regular session of the Anti-corruption Policy Council takes place in Jermuk
-
15:05
The Prime Minister sends congratulatory messages to the supreme leader of Iran and the President of Iran
-
11:11
Armenia sends earthquake aid to Turkey
-
10:43
Commemoration of the Pontiff St. Sahak Partev
-
09:16
Some roads are closed and difficult to pass in Armenia
-
19:55
Phone conversation of the Foreign Minister of Armenia with the U.S. Assistant Secretary of State for European and Eurasian Affairs
-
18:30
Prime Minister Pashinyan and President Khachaturyan meet
-
18:20
Ararat Mirzoyan with Co-Chairman of the OSCE Minsk Group of France Brice Roquefeuil
-
17:01
Humans could land on Mars within 10 years, Musk predicts
-
16:45
France, US urge 'immediate' end to Nagorno Karabakh blockade
-
16:01
Blockaded Nagorno Karabakh launches fundraiser to support quake-hit Syria
-
15:59
Earthquake death toll in Turkey rises to 18,342
-
15:43
Ararat Mirzoyan Held a Telephone Conversation with Sergey Lavrov
-
15:06
French president rules out fighter jet supplies to Ukraine in near future
-
14:47
5 Day Weather Forecast in Armenia
-
14:44
President Vahagn Khachaturyan wrote a note in the book of condolences opened in the Embassy of Syria in Armenia
-
14:20
Azerbaijan’s provocations impede establishment of peace and stability – Armenian FM tells Russian Co-Chair of OSCE MG
-
12:57
France representation to OSCE: Paris calls on Azerbaijan to restore freedom of movement through Lachin corridor
-
11:40
Command of Kosovo forces highly appreciated preparation of Armenian peacekeepers
-
10:16
The United States withdrew from sanctions against Syria for six months the provision of assistance after the earthquake
day
week
month
Humidity: 38%
Wind: 0.51 km/h