Japan Dodges US Auto Tariffs, for Now, as Trump and Abe Agree on Trade Talks

Credit: Niek Verlaan

(From Reuters)

U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed on Wednesday to start trade talks in an arrangement that, for now, protects Japanese automakers from further tariffs, seen as a major threat to the export-dependent economy.

The two countries said in a joint statement the talks “will respect positions of the other government”, drawing lines on autos and Japan’s agriculture sector.

Click here for the article.