The US and Japan agreed in principle on a trade deal that would slash Tokyo’s tariffs on American beef, pork and other agricultural products, while delaying for now the threat of additional levies on Japanese auto exports to the US
US President Donald Trump and Japanese Prime Minister Shinzo Abe announced the agreement Sunday on the sidelines of the Group of Seven summit in Biarritz, France, following a bilateral meeting earlier in the day. In announcing the deal, Trump also said Japan would purchase large quantities of US wheat and corn.
“If you say ‘win-win,’ it’s a capital letter ‘Win’ for the