What the new trade deal with Japan means for U.S. businesses and consumers
How did your country report this? Share your view in the comments.
Diverging Reports Breakdown
What the new trade deal with Japan means for U.S. businesses and consumers
President Trump says Japan has agreed to open its markets more to American cars and trucks, as well as rice and other agricultural products. In exchange, the U.S. will not impose its threatened 25 percent tariffs on Japanese goods.
While the exact text of the Japan deal has not been released, President Trump says Japan has agreed to open its markets more to American cars and trucks, as well as rice and other agricultural products. It also agreed to invest $550 billion in the U.S.
In exchange, the U.S. will not impose its threatened 25 percent tariffs on Japanese goods coming to America. Those will instead be set at 15 percent.
So, for more on what this deal means, we are joined by Kate Kalutkiewicz. She’s senior managing director at McLarty Associates, which is an international trade consulting firm.
Kate, thank you so much for being here.
Again, as I said, we don’t really know the granular details of this deal. But is it, as President Trump has said, a major opening of the Japanese market to American goods?