politics

U.S.-Japan trade deal progress likely in 'months': Lighthizer

12 Comments
By MARK WILSON

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© 2019 AFP

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because of nothing they did, just because Japan gave more access to somebody else, and they may never get those markets back,"

well you can blame Trump for that if he stayed in the TPP then US farmers wouldn't be at the disadvantage theyre now. TPP members/ EU aren't going to wait around for Trump to make up his mind. and many thought the TPP would collapse when the US left. Now the US farmers have to paddle frantically to catch the boat that already set sail. Even if they catch up theyre no guarantees they get back market share thats been lost.

0 ( +1 / -1 )

This is Japan’s best chance in recent years to hold firm. The US won’t want to get in a trade war with both China and Japan.

The Plaza Accord caused the yen to go up 50% to the dollar. Talk about currency manipulation.

-1 ( +1 / -2 )

The yen was “manipulated” (maintained at an artificially weak level) for years before the Plaza Accord reality check. As for the US folding so long as Japan and China “hold firm, that’s simply wishful thinking on your part and totally contradicted by America’s new found spine when it comes to trade.

-1 ( +0 / -1 )

Great! I can't wait to drive a Buick in Japan with the handle on the right side. Awesome!!

2 ( +2 / -0 )

 totally contradicted by America’s new found spine when it comes to trade.

there is no new spine, America trade deficit will continue top rise, it will just be spread around more to countries that don't have tariffs with America, America is already in a tariff war with China and India, if Trump thinks he can add Japan and the EU to that as well with severe damage to the US economy he more deluded than we thought. 2020 just around the corner and a good US downturn is just what Trump deserves

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I can already see the terms of new trade deal.

US opens no new markets for Japan.

Japan has auto import quota of half a million cars from the US. Japanese automakers will have to reverse import Priuses and CR-Vs from the US to meet the quota.

No tariff on US imported beef.
-2 ( +1 / -3 )

No tariff on US imported beef.

highly unlikely , otherwise the other TPP members and the EU will demand it also.

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There are no auto import quotas. Again the problem is who on Earth wants to buy a stupid Buick?

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"We understand the nature of this problem and we have to resolve it because if we don't these farmers are gonna lose that market, because of nothing they did, just because Japan gave more access to somebody else, and they may never get those markets back," Lighthizer said in a second consecutive day of congressional testimony. "And the Japanese understand completely our position and I'm hopeful that we'll have something resolved in the weeks and months ahead but there's an enormous amount of urgency."

You mean Japan has dared to trade with other countries? Shock! Horror!! Maybe America needs to understand that they can't bully other countries into trade agreements which don't do those countries any favours.

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WTF “he more deluded than we thought.”

Of course you’re using the royal “we” there. As in we are not amused by Trump’s temerity to mess with the nice little earner scam we had going and thought would never end. Well, (non royal) we’ve got news for you! Not only will Trump carry the 2020 election, but his success on trade will increasingly define the tone of debate emanating from all the serious contenders. Just watch!

-1 ( +0 / -1 )

Again the problem is who on Earth wants to buy a stupid Buick?

Doesnt matter if anyone actually buys the Buick or not ...the point is to give consumer the choice to buy the Buick or US beef or fruit & veggies or whatever else at a fair price...those who wanna buy Japanese produce go ahead, those who wanna buy US items ( without ridiculous tarrif rates on them ) should be able to do so if they wish.

3 ( +3 / -0 )

There are no tariffs in the first place

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