The administration’s emerging strategy indicates negotiators are putting political gains on agriculture ahead of a comprehensive deal.
The Japanese space agency recently landed a spacecraft on a miniscule asteroid traveling nearly 14,000 miles per hour relative to Earth. Many observers have concluded that it will take a similar feat to land the U.S.-Japan trade agreement negotiations expected to kick off in the next several weeks. Congress and the private sector have been pushing for a traditional, comprehensive agreement covering all trade topics.
The administration has been signaling since last July that it might take this approach, when it first broached the idea of a two-stage approach to negotiating a trade agreement in the context of talks with the European Union. The U.S. announcement last September of negotiations with Japan likewise referred to seeking an agreement that can produce “early achievements” on goods and other key areas, to be followed by talks on additional matters.
Under these circumstances, how can the administration hope to succeed in a two-stage approach? A clue might lie in how the administration recently negotiated modifications to the U.S.-Korea Free Trade Agreement. In the Korean deal, the U.S. specifically avoided topics that would involve legislative changes requiring approval from Capitol Hill, instead including several commitments only affecting the Korean side.
Japan would of course like to avoid these duties, but it also has resisted a solution that would replace duties with quotas, which has been the Trump administration’s preferred alternative. Still, with more than $40 billion of passenger vehicle exports at risk, Japan, like others before them, might agree to some limits.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Trumps seeks maximum advantage from Mueller report as Democrats try to change subjectAttorney General Barr plans to take 'weeks, not months' to release more information from the Mueller report - Justice Department official. More:
और पढो »
Trump’s North American trade deal at risk of stalling in CongressRepublican senators insist Trump lift tariffs if he wants trade deal to move as Speaker Pelosi demands stronger enforcement
और पढो »
Attorney William Barr's letter to Congress detailing plans to deliver the Mueller report
और पढो »
No plan yet for Barr to brief U.S. Congress on Mueller findings: sourcesThe U.S. Justice Department and FBI have yet to notify key congressional committ...
और पढो »
Japan's business mood hits two-year low as trade war stingsJapanese business confidence worsened to a two-year low in the March quarter, a ...
और पढो »
Japan's business confidence hits two-year low as trade war stingsJapan's business mood slumped to a two-year low in the March quarter, a cen...
और पढो »
U.S. House panel OKs move to give Congress records of FBI probes against TrumpHouse Speaker Nancy Pelosi says an ‘interpretation’ of the Mueller report isn’t enough and the full document should be made available. More:
और पढो »
U.S. House panel OKs move to give Congress records of FBI probes against TrumpThe U.S. House Judiciary Committee on Tuesday unanimously approved a resolution directing the Justice Department to give Congress all records on FBI obstruction of justice or counterintelligence probes against President Donald Trump. In a surprising show of bipartisanship, days after U.S. Attorney General
और पढो »