The trade deal reached between Japan and the United States is expected to boost ...
TOKYO - The trade deal reached between Japan and the United States is expected to boost Japan’s economy by about 0.8% over 10-20 years when the benefits fully kick in, the Japanese government said on Friday.
The United States and Japan signed a limited trade deal that cuts tariffs on U.S. farm goods, Japanese machine tools and other products while further staving off the threat of higher U.S. car duties. The document of the pact written in English said: “Customs duties on automobile and auto parts will be subject to further negotiations with respect to the elimination of customs duties.”
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