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The Japanese Minister of Foreign Affairs, Toshimitsu Motegi, and US Trade Representative and former US Minister of Economy, Robert Lighthizer. (Image via The Strait Times)
Motegi insures Japan-US trade deal brings peace to farmers and carmakers
Regarding the deal taken between Japan and the United States (US), the Japanese Minister of Foreign Affairs, Toshimitsu Motegi, assured that the deal would make the farmers and carmakers “happy”, according to a press conference with the Minister on Sunday (22/9).Ahead of the 74th United Nations (UN) General Assembly held between 17 and 31 September in New York, Motegi is set to meet his US Trade Representative and former Minister of Economy, Robert Lighthizer. Motegi believed that the trade deal between the two countries was set on mutual trust, and “no worry ahead”.
The meeting between the two Ministers is set before the meeting between the President of the US, Donald Trump, and the Prime Minister of Japan, Shinzo Abe. The two country leaders are set to sign a deal on farm products and digital trade.
Despite the promising aspects that Motegi had addressed, the uncertainty is still looming large. No detail of the deal has been revealed, especially regarding the zero-tariff automotive import from Japan to the US.
Motegi demanded a written agreement that Trump would not raise any tariff on Japanese carmakers. It is known that Japanese carmakers make two-thirds of their profit from the exports to the US, and tariff would only hurt them, adding that the overseas demand is decreasing.
Source: https://reut.rs/2m7yaGF
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