The United States and Japan have reached a tentative agreement that could give President Donald Trump a trade win for his farm constituency and could protect Japan against steep auto tariffs that the administration is threatening to impose on imported vehicles.
Trump and Japanese Prime Minister Shinzo Abe outlined the agreement in principle on agriculture, industrial tariffs and digital trade Sunday during the G-7 summit in France. U.S. Trade Representative Robert Lighthizer said the agreement, if finalized, would open Japanese markets to an additional $7 billion in U.S. products.