U.S., Japan Agree to Resolve Trump-Era Tariffs, Discuss ‘Unfair Practices’ in Trade

  • Date: 18-Nov-2021
  • Source: Newsweek
  • Sector:Economy
  • Country:Middle East
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U.S., Japan Agree to Resolve Trump-Era Tariffs, Discuss ‘Unfair Practices’ in Trade

U.S. Trade Representative Katherine Tai and Japan's Trade and Industry Minister Koichi Hagiuda agreed to resolve Trump-era tariffs on steel and aluminum. They also agreed to further discuss "unfair practices" in trade.

According to the Associated Press, a partnership was announced earlier this week that will work on a "Japan-U.S. common global agenda" for trade and cooperation in the Indo-Pacific region, Japan's Ministry of Economy Trade and Industry (METI) said.

Tai and Hagiuda talked Wednesday after a visit to Tokyo previously this week by Commerce Secretary Gina Raimondo. Tai and Hagiuda also agreed to build a bilateral framework of talks among senior officials from the United States Trade Representative (USTR) and Japanese trade and foreign ministries to discuss trade issues and "unfair practices related to third countries."