UPDATED 10:31 AM PST – Sun. August 25, 2019
President Trump and Japanese Prime Minister Shinzō Abe announce a trade deal has been reached and is projected to be finalized in September.
The announcement was made by President Trump accompanied by trade representative Robert Lighthizer Sunday at the G7 summit.
Lighthizer said the U.S. and Japan have created a deal to greatly benefit both countries.
Extensive details have not been released however Lighthizer did say the deal is centralized around agriculture, industrial tariffs, and digital trade.
‘The deal is done in principle we will probably be signing it around UNGA, around the date of UNGA which we all look forward to. We are very far down the line. We’ve agreed to every point and now we’re papering it and will be signing it at a formal ceremony. This is a tremendous deal for the United States. It’s a really tremendous deal for our farmers and agricultural ranchers, it also involves other things as I said e-commerce’ President trump said.
UNGA stands for the United Nations General Assembly.
Japan is expected to buy large amounts of U.S. corn as part of the deal.