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Japan lower house passes U.S. trade deal; auto tariffs still in question


Added 11-19-19 01:03:02am EST - “Japan's lower house of parliament approved on Tuesday a limited trade deal ...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Japan lower house passes U.S. trade deal; auto tariffs still in question”. Below is an excerpt from the article.

TOKYO (Reuters) - Japan’s lower house of parliament approved on Tuesday a limited trade deal Prime Minister Shinzo Abe agreed with the United States, clearing the way for tariff cuts next year on items including U.S. farm goods and Japanese machine tools.

But there is uncertainty over how much progress Japan can make in negotiating the elimination of U.S. tariffs on its cars and car parts, casting doubt on Abe’s assurances the deal he signed with U.S. President Donald Trump was “win-win”.

Japan and the United States last month formally signed the limited trade deal to cut tariffs on U.S. farm goods, Japanese machine tools and other products while staving off the threat of higher U.S. car duties.

The government’s proposal to ratify the trade deal will next be brought to the upper house for a vote but its passage in the powerful lower house increases the chances it will come into force in January.

The deal will give Trump a success he can trumpet to voters but Abe has said it will bring as much benefit to Japan as to the United States.

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