Saturday, May 30, 2020 | ePaper

Trump says initial tariff deal agreed with Japan

  • Print
AFP, Washington :
President Donald Trump on Monday said the United States had reached an initial agreement on tariffs with Japan, after often claiming that Tokyo has had an unfair advantage in bilateral trade.
Trump and Japan's Prime Minister Shinzo Abe last month said the deal was close to being completed, and that they hoped for a formal signing during the UN General Assembly later in September.
"I am pleased to report that my Administration has reached an initial trade agreement regarding tariff barriers… with Japan," Trump said in a letter to Congress released by the White House.
"I intend to enter into the agreement in the coming weeks."
Trump added that further negotiations would be held with Japan to secure "a comprehensive trade agreement that results in more fair and reciprocal trade."
The statement said an agreement had also been reached on digital trade, but it gave no details about US tariffs on Japanese cars. US officials have previously said the tariff agreement would benefit US farmers hit by the US-China trade war and who are an important group of voters for Trump's re-election bid in 2020.
Abe, an ally of Trump's, last month said the two nations had reached consensus after "intense" negotiations.

More News For this Category

An Engineering Procurement and Construction (EPC) agreement was signed among NSPC of Rooppur Nuclear Power Plant, Bangladesh Army and Rashian PPS Company JCS Eleron though video conference at Multi-Purpose Hall Room of Dhaka Cantonment in the city on Friday.

An Engineering Procurement and Construction (EPC) agreement was signed among NSPC of Rooppur Nuclear Power Plant, Bangladesh Army and Rashian PPS Company JCS Eleron though video conference at Multi-Purpose Hall Room of Dhaka Cantonment in the city on Friday.

.

$11.90b stimulus packages announced so far to offset Covid-19 impact

Economic Reporter :The government has so far announced a set of stimulus packages worth around $11.90 billion or Taka 1,01,117 crore to offset the COVID-19 shock on various sectors

Record 89,970 tonnes of onion produced in Rangpur region

BSS, Rangpur :The farmers produced a record quantity of 89,970 tonnes of onion in Rangpur agriculture region in the just-ended 2019-2020 Rabi season.Officials of the Department of Agricultural Extension

Banking hours return to normal from tomorrow

Economic Reporter :Bangladesh Bank has asked banks to shift back to normal transaction hours from 10am to 4pm from Sunday after two months of transactions for limited hours due

Govt losing revenue amid Covid-19 pandemic

Economic Reporter :Government is losing huge amount of revenue due to mismanagement at the Dhaka Custom House due to lack of proper surveillance of the National Board of Revenue

Evaly providing personal health safety equipment for 999

Evaly providing personal health safety equipment for 999

Economic Reporter :E-commerce based online marketplace Evaly has provided health care and safety products to the National Emergency Services Center 999 authorities. In the midst of the Covid-19 Corona

AIIB approves $250m loan to BD for Covid-19 response

Business Desk :The Asian Infrastructure Investment Bank (AIIB) has approved a $250 million loan for Bangladesh as the country grapples with the fallout of the novel coronavirus.The loan, co-financed

Corona hit poor blessed with PM's Eid gifts through MFS

Corona hit poor blessed with PM's Eid gifts through MFS

Al Amin :When millions of people are facing very hard time for the ongoing lock down, Prime Minister's cash support-Tk 1250 crore to a huge number of poor family

ADB approves it's financial statement

BSS, Dhaka :The Board of Governors of the Asian Development Bank (ADB) on Friday approved ADB's financial statements and the allocation of its 2019 net income in its first-ever

Meat becomes costlier in Dhaka

Economic Reporter :Supply chain disruption and temporary closure of businesses amid a government-announced 'holiday' to curb coronavirus transmission have pushed up meat prices by as much as Tk 250