The administration of U.S. President Donald Trump will negotiate “new and better trade deals” with “countries in key markets” in a way that is freer and fairer for American workers and businesses, the Office of the U.S. Trade Representative said in an annual report released Wednesday.
The report submitted to Congress stopped short of saying with which key economies the United States will bilaterally negotiate such deals for increased market access, but Japan is almost certainly among them.
Referring to the U.S. withdrawal in late January from the 12-nation Trans-Pacific Partnership free trade agreement, the report said it “paved the way for potential bilateral talks with the remaining TPP countries” including Japan.
The report is likely to fuel speculation that the United States may propose negotiations with Japan for a bilateral FTA in a high-level economic dialogue the two governments are planning to start in April.
The USTR said the Trump administration is focusing on “bilateral negotiations rather than multilateral negotiations,” in stark contrast to the previous administration of President Barack Obama, who championed the TPP, a trade deal that does not involve China.
via Mainichi
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Alfonso Esparza
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Latest posts by Alfonso Esparza (see all)
- Market Rally Still Going Low Holiday Volumes Awaiting Start of 2020 - 27 December 2019
- Market Awaits China Retaliation on Trade - 29 November 2019
- Alibaba to Close Order Book Ahead of Huge IPO - 18 November 2019