Japan, EU sign trade deal to eliminate nearly all tariffs

[demmiblue]

Source: AP

TOKYO (AP) — The European Union and Japan signed a landmark deal on Tuesday that will eliminate nearly all tariffs on products they trade.

The ambitious pact signed in Tokyo runs counter to President Donald Trump’s moves to hike tariffs on imports from many U.S. trading partners. It covers a third of the global economy and markets of more than 600 million people.

“The EU and Japan showed an undeterred determination to lead the world as flag-bearers for free trade,” Abe said at a joint news conference with European Council President Donald Tusk and European Commission President Jean-Claude Juncker.

Tusk praised the deal as “the largest bilateral trade deal ever.” He said the partnership is being strengthened in various other areas, including defense, climate change and human exchange, and is “sending a clear message” against protectionism.

Read more: https://www.apnews.com/bb26231767374debafda43f4d99d5bba/Japan,-EU-to-sign-trade-deal-eliminating-nearly-all-tariffs

[LiberalLovinLug]

1. Sorry my American brothers and sisters but I hope other countries now sign new deals between them

And the US is left behind. At least while this shitgaboon is in office and/or the GOP is in control. With Donald desperately trying to knock out individual trade deals with individual countries, but all of them beholden to new trade pacts with other countries. Not that I think he could ever close any one on one deals because they would never be lopsided enough for him to accept. And I would guess that it would have to include easier ways for real estate moguls to have access to other countries properties.

[dalton99a]

2. This is huge