Breaking News
0

U.S.-Japan trade talks will bring peace of mind to farmers, automakers: Motegi

CommoditiesSep 22, 2019 05:10AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Newly manufactured cars await export at port in Yokohama

TOKYO (Reuters) - Japanese foreign minister Toshimitsu Motegi said trade talks with the United States will bring peace of mind to farmers and automakers, according to an interview with public broadcaster NHK aired on Sunday ahead of a key bilateral meeting this week.

Motegi handled talks with U.S. Trade Representative Robert Lighthizer under his previous role as economy minister and is expected to meet him ahead of a summit between U.S. President Donald Trump and Prime Minister Shinzo Abe.

"(We) have been holding negotiations on the basis of trust," Motegi told NHK in the interview. "I don't have any worry at all about the things ahead."

Trump and Abe are expected to secure a deal on farm tariffs and digital trade when they meet in New York this week. Full details of the prospective trade agreement have not been disclosed.

One unresolved issue relates to auto exports. Motegi has said he wants a written assurance that Trump will not impose tariffs on U.S.-bound auto exports from Japan.

However, any promises arising from this week's talks will still need Trump's final approval, adding uncertainty to the prospects of a deal, Japanese sources familiar with the matter told Reuters recently.

Autos make up about two-thirds of Japan's trade surplus with the United States and such tariffs would hurt its trade-reliant economy. Japanese manufacturers have already come under heavy pressure this year from slowing overseas demand.

U.S.-Japan trade talks will bring peace of mind to farmers, automakers: Motegi
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments
Al Vlaj
alvlaj Sep 22, 2019 9:31AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Never should have ditched TPP in the first place.
Howie Zoukl
Howie Zoukl Sep 22, 2019 9:31AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
TPP was an Obama thing, trump wanted his own trade deal to make him look good
Al Vlaj
alvlaj Sep 22, 2019 9:31AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Agreed. We also would have had a strong coalition versus China, which is what TPP was all about. Instead, we are dealing to this Trump-caused mess.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email