Asia

US, Japan Agree to Start Trade Negotiations - Trump

UNITED NATIONS (Sputnik) - US President Donald Trump said on Wednesday ahead of his meeting with Japanese President Shinzo Abe that the two countries have agreed to start trade negotiations.
Sputnik

"We’ve agreed today to start trade negotiations between the United States and Japan. This was something that for various reasons over the years Japan was unwilling to do, and now they are willing to do, so we’re very happy about that," Trump told reporters on the sidelines of the UN General Assembly.

READ MORE: Prof: Japan's Abe Has Shown Remarkable Resilience in His Ability to Handle Trump

US, EU, Japanese Trade Ministers Agree on Need for WTO Reform - Joint Statement
Last year, Japan had the third-largest trade surplus with the US after China and Mexico. The Japanese officials said they might agree to either reducing the number of exports to the US or increasing the volume of American imports.

The US appears to be more interested in the latter option — as the Trump administration is seeking to fix America's trade imbalances by promoting US exports rather than by disrupting international trade.

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