❗Let's close the gap: We still need your help to raise $40,000 by April 1. Donate now

What Japan and the U.S. hope to get from holding bilateral trade talks

Mitchell Hartman Sep 27, 2018
HTML EMBED:
COPY

What Japan and the U.S. hope to get from holding bilateral trade talks

Mitchell Hartman Sep 27, 2018
HTML EMBED:
COPY

Japan has agreed to start talking to the United States about trade on a bilateral basis. That’s the word from both countries after Japan’s Prime Minister Shinzo Abe met with President Donald Trump at the United Nations in New York on Wednesday. Japan, up until this point, has favored pursuing multilateral trade deals including the United States, but going it one on one is the preference of Trump and his trade team. The Japanese have gotten something they very much want in exchange: The U.S will not impose higher tariffs on Japanese auto exports while negotiations are underway.

Click the audio player above to hear the full story. 

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.