U.S. to Enter Trade Talks with Japan in Jan. at Earliest
Washington, Oct. 16 (Jiji Press)--The administration of U.S. President Donald Trump notified Congress on Tuesday that it plans to start negotiations with Japan on a bilateral trade agreement.
The talks between Japan and the United States on concluding a trade agreement on goods, or TAG, are expected to begin in mid-January at the earliest.
The Trump administration is expected to call on Japan to open its automobile and agricultural product markets further in a bid to reduce the huge U.S. trade deficit with Japan, sources familiar with the situation said.
In his notification to Congress regarding trade with Japan, U.S. Trade Representative Robert Lighthizer said that "U.S. exporters in key sectors such as automobiles, agriculture, and services have been challenged by multiple tariff and nontariff barriers for decades."
He underlined the need to work out measures to correct "chronic U.S. trade imbalances with Japan" through the trade negotiations.
[Copyright The Jiji Press, Ltd.]