President Donald Trump and Prime Minister Shinzo Abe have announced a framework trade deal between the U.S. and Japan which will be focused on the agriculture sector, industrial duties and e-commerce. The status of the automotive sector – where U.S. imports from Japan reached $56.7 billion in the 12 months to Jun. 30 and where duties may be applied from November – is unclear. The passage of the deal and its structure will likely go hand-in-hand. The agreement needs to be comprehensive to avoid falling foul of World Trade Organization rules but cannot be too wide-ranging ot...
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