President Donald Trump has announced the “first stage of a phenomenal new trade agreement” with Japan.
It’s not immediately clear from Trump’s comments on the sidelines of the UN General Assembly what that “first stage” includes.
But Washington and Japan - which is the world’s third largest economy - have been in long, sometimes contentious negotiations on a trade deal.
There’s reportedly been considerable behind-the-scenes wrangling because of Japan’s concern about the possibility of future US tariffs on Japanese auto exports.
Trump says Japan will open new markets to approximately $7 billion in US agriculture products, including beef, pork, wheat, cheese, corn, wine and more.
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