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Japan’s Embrace of Bilateral Trade Talks With U.S. Spares It From Tariffs

Posted September 27, 2018

Under Economic Issues, International Trade Issues

(Motoko Rich – New York Times)

When Japan agreed to enter into bilateral trade talks with the United States during meetings at the United Nations General Assembly on Wednesday, the country’s prime minister, Shinzo Abe, appeared to have finally said “yes” after two years of saying “no.”

Japan has consistently insisted it was not interested in entering into bilateral trade negotiations with the United States. Instead, it has repeatedly invited the United States to re-enter a broad trade pact among 11 countries from which President Trump withdrew during his first week in office.

Japan appeared at first blush to have acquiesced to American pressure and the threat of tariffs on imported cars by agreeing to start two-way negotiations to “promote Japan-U.S. trade.” Click here to read more.