Japan’s Aso: Currency provision won't be included in Japan-US trade deal


U.S. President Donald Trump's administration said Monday it has notified Congress that a trade deal with Japan has been reached and will be signed in "the coming weeks".

"My administration looks forward to continued collaboration with the Congress on further negotiations with Japan to achieve a comprehensive trade agreement that results in more fair and reciprocal trade between the United States and Japan", Trump said in the statement released by the White House via email.

Aso said that the currency provision won't be included in Japan-US trade deal.

After meeting Japanese Prime Minister Shinzo Abe at the G-7 summit in France last month, Trump announced that the two countries had struck a trade deal "in principle".

This story has not been edited by Firstpost staff and is generated by auto-feed.

The announcement left unclear whether Trump has agreed not to impose national security tariffs on Japanese vehicles and auto parts. The Trump administration final 365 days notified Congress that it would pursue negotiations with Japan beneath this plan.

"What this notice means is they have actually completed the details of what tariffs both countries will cut", she said.

Luxembourg PM delivers press briefing alone after Boris pulls out
Brexit Secretary Steve Barclay told Sky News: "The Hulk was a victor and was extremely popular". Earlier Mr Johnson pulled out of a joint news conference when faced with loud protestors.

Foreign Minister Toshimitsu Motegi, who has led the bilateral trade negotiations, said Tuesday that the United States is expected to pledge not to impose additional tariffs on Japanese auto imports in writing.

Japanese officials from Abe on down have said that under a September 2018 agreement, the United States would not impose added auto tariffs while trade talks were under way. The leaders said they hoped to sign the pact on the sidelines of the United Nations General Assembly in NY later this month.

To reach a compromise, Japan made concessions in August like agreeing to buy excess US corn.

"On October 16, 2018, my Administration notified the Congress that I meant to initiate trade negotiations with Japan on a United States-Japan Trade Agreement", Trump said in the Monday statement.

The USMCA provisions goal to confirm the free waft of data across borders with out taxation, restrict data server localization requirements and restrict governments' capacity to require the disclosure of source code by the firms they defend watch over.

A long-sought trade agreement with Japan was scrapped when Trump withdrew the US from a pan-Pacific trade agreement shortly after taking office in 2017.

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