U.S. Trade Representative Robert Lighthizer announced that President Donald Trump would likely sign an implementing proclamation next week to bring the limited trade deal with Japan to motion.
Japan is an important trading partner for U.S. motor vehicle parts manufacturers, and MEMA has supported a U.S.-Japan agreement. We are encouraged by this step toward an agreement, and we will remain engaged with the administration in the next phase of U.S.-Japan negotiations.
“I commend Japan’s quick action to approve these important trade agreements between our two nations, which are the world’s first and third largest economies,” Lighthizer said Dec. 4. “We expect the president to sign the implementing proclamation for the United States next week.”
The trade deal, which was announced in late August by President Trump and Japanese Prime Minister Shinzo Abe, was approved last week by Japan’s legislation and will reduce tariffs on Japanese industrial products while easing Japan’s access to U.S. agricultural good like beef and pork. Reuters reported that the agreement does not include changes to auto trade and does not necessarily rule out the U.S. president’s prerogative to impose tariffs on auto imports to the U.S. from Japan.