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It took the Japanese 10 weeks to ratify trade agreement with the USA

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It took the Japanese 10 weeks to ratify trade agreement with the USA
December 05
13:00 2019

The background to this agreement is as follows: two years ago the odious US President Donald Trump decided to withdraw from the so-called TPP (Trans-Pacific Partnership). Trump’s opinion about biases against the United States in such multilateral agreements caused that radical step.

The agreements reached are essentially the same as those that were in effect two years ago under the TPP. They concern the size of duties on American meat (beef and pork). The new import rules will come into effect on January 1, 2020.

The world is watching with interest the development of the situation. If the States meet the terms of the deal without putting forward any additional requirements to official Tokyo, then for other countries this will mean that similar direct deals can be signed with the United States.

By the way, we already wrote that Donald Trump was going to impose duties on French goods (approximately 2.4 billion US dollars). In addition, inflation in Argentina and Brazil made steel and aluminum goods produced by these countries rather available. This caused the return of duties on goods imported into the United States from the above countries.

 

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company
UFT Group

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