The Unsurprising Missed Opportunity From Motegi-Lighthizer Talks — Panjiva


The Unsurprising Missed Opportunity From Motegi-Lighthizer Talks

Cons. Discr. - Autos 661 Japan 381 Materials - Metals/Mining 482 Metals - Aluminum 159 Metals - Steel 360 Tariffs 1169 Trade Deals 702 U.S. 3297

A round of negotiations between Minister Motegi and Ambassador Lighthizer have not yielded significant progress in trade relations between Japan and the U.S. That’s partly due to foundational differences. One example is that Japan wants a multilateral deal, particularly American engagement in CPTPP, while the U.S. remains committed to bilateral deals. As a result there’s a missed opportunity to reach a “standstill” agreement similar to that the U.S. reached with the EU. Yet, the lack of progress is not a surprise given the scale and structure of America’s trade deficit with Japan. ...

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