Trump says U.S. reaches trade deals with Japan, no vote needed

WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday that the United States has reached initial trade agreements with Japan on tariff barriers and digital trade that will not require congressional approval. In a letter to Congress released by the White House, Trump said that he intends to enter into the agreements 'in the coming weeks' and was notifying lawmakers that the tariff deal would be made under a trade law provision allowing the U.S.

Reuters September 17, 2019 05:07:31 IST
Trump says U.S. reaches trade deals with Japan, no vote needed

Trump says US reaches trade deals with Japan no vote needed

WASHINGTON (Reuters) - U.S. President Donald Trump said on Monday that the United States has reached initial trade agreements with Japan on tariff barriers and digital trade that will not require congressional approval.

In a letter to Congress released by the White House, Trump said that he intends to enter into the agreements "in the coming weeks" and was notifying lawmakers that the tariff deal would be made under a trade law provision allowing the U.S. president to make reciprocal tariff reductions by proclamation.

"In addition, I also will be entering into an Executive Agreement with Japan regarding digital trade," Trump said in the letter.

Neither agreement would require a vote in Congress under the so-called "fast track" approval process. The Trump administration last year notified Congress that it would pursue negotiations with Japan under this method.

But over much of the past year, the scope of talks have narrowed to exclude the automotive sector, which is the source of most of the $67 billion U.S. trade deficit with Japan.

Instead, Trump and Japanese Prime Minister Shinzo in August announced an agreement in principle of a deal that covered reductions in tariffs on agricultural and industrial goods, but not autos.

The two leaders said at the G7 summit in France that they hoped to sign the agreement at next week's United Nations General Assembly in New York.

Trump's letter did not disclose any contents of the agreements, but Japan had previously said it was willing to consider a deal that would reduce agriculture tariffs to levels previously contemplated under the Trans-Pacific Partnership, a trade deal that Trump quit on his third day in office in 2017.

Trump's letter said that the United States would pursue further trade negotiations with Japan.

"My Administration looks forward to continued collaboration with the Congress on further negotiations with Japan to achieve a comprehensive trade agreement that results in more fair and reciprocal trade between the United States and Japan," Trump said.

(Reporting by Eric Beech; Editing by Mohammad Zargham & Shri Navaratnam)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date:

TAGS:

also read

Danish Siddiqui's passing is a reminder of the high price one pays for showing the truth
India

Danish Siddiqui's passing is a reminder of the high price one pays for showing the truth

Danish's photographs were not just documentation, but the work of someone who went down to eye-level, as they say in photographic parlance.

Greek police clash with protesters in rally against mandatory vaccinations
World

Greek police clash with protesters in rally against mandatory vaccinations

ATHENS (Reuters) - Greek police used teargas and water cannon to disperse people who had gathered in central Athens on Saturday to protest against mandatory COVID-19 vaccinations. More than 4,000 people rallied outside the Greek parliament for a third time this month to oppose mandatory inoculations for some workers, such as healthcare and nursing staff.

Two Turkish soldiers killed in attack in northern Syria
World

Two Turkish soldiers killed in attack in northern Syria

ISTANBUL (Reuters) - Two Turkish soldiers were killed and two were wounded in an attack on their armoured vehicle in northern Syria, and Turkish forces immediately launched retaliatory fire, Turkey's defence ministry said on Saturday. "Our punitive fire against terrorist positions is continuing," the statement on Twitter on said. It did not specify where the attack occurred, but media reports said it was in the al-Bab area.