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G20 Watch: 100 Jets May Speed U.S.-Japan Trade Deal as Abe Passes Deficit Test

G20 31 Industrials - Aero/Defense 174 Japan 518 Trade Deals 906 U.S. 4625

Prime Minister Shinzo Abe and President Donald Trump discussed their two countries putative trade deal at their G20 meeting, as well as a potential order for 100 F-35 military jets which could be worth $9 billion in orders to manufacturer Lockheed-Martin. President Trump wants to see a “rebalancing (in the trade deficit) very quickly”, though that seems unlikely. While the U.S. trade deficit slumped to a seven year low in September, on a 12-month total basis it is only 1.6% below its December 2016 level having reached $67.7 billion. The jet order, which would be delivered over several ye...

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