US Looking to Sign a Trade Deal With Japan Soon

US and China may still be negotiating terms of their trade deal, but there’s another trade discussion happening simultaneously. On the sidelines of the US-China trade talks, US is trying to fix a trade deal with Japan swiftly.

The US government is hoping that Japan gives it a status of being a premier customer. The focus is on farm products and other goods that the two countries trade with each other.

However, US Secretary of Agriculture Sonny Perdue admits that a trade deal with Japan could take some time to materialize. Negotiations are being handled by US Trade Representative Robert Lighthizer and Japan’s Economy Minister Toshimitsu Motegi.

Given that Lighthizer has his hands full as he continues negotiating with China against the backdrop of the most recent tariff hike, it could take longer for him to turn his focus to Japan. Meanwhile, USD/JPY continues to trade bearish, touching 109.67 at the time of writing.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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