Donald Trump and Shinzo Abe agree a new trade agreement under which Japan will lower rates on US agricultural imports – while still being charged with their own auto-export – in triumph for American farmers
Donald Trump and Japanese Prime Minister Shinzo Abe reached a trade agreement at the Group of Seven summit on Sunday.
The president claimed that the deal was good for the US and would be good for farmers.
& # 39; This is a great deal for the United States, & # 39; he told the press while speaking with Abe Sunday from Biarritz, France. & # 39; It really is a great deal for our farmers. & # 39;
The deal would lower the rates on American beef, pork and other agricultural imports. He said during the announcement that Japan would buy a lot of wheat and corn from America.
President Donald Trump announced Sunday that he had reached a trade agreement with Japanese Prime Minister Shinzo Abe that & # 39; awesome & # 39; would be for American farmers
He also said that Japan agreed to buy large corn and wheat in the US
Japan and the United States are two of the seven largest economies in the world participating in the intergovernmental meeting of economic organizations, and Trump and Abe held a bilateral meeting on the second day of the meeting.
While talking to reporters after the meeting, Trump said the deal with Japan is, in principle, & # 39; was closed and signed at a later date.
& # 39; Big Trade Deal has just agreed with Prime Minister Abe of Japan. Will be great for our farmers, ranchers and more. Really great corn purchase! & # 39; Trump tweeted when the news about the deal broke.
Trump also said that he and the Japanese leader had agreed to every point & # 39 ;.
Abe said that the purchase of agricultural products, which would be carried out by the private sector, was a possibility, but did not comment on any of the other points of the agreement.
Trump said the US rates for Japanese cars would not be changed.
The same day that he reached the trade agreement with the Asian nation, Trump's press secretary, Stephanie Grisham, announced that the president wished he had hit China harder with rates.
& # 39; President Trump has responded in the affirmative – because he regrets that he has not raised rates, & # 39; said Grisham.
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