US and Japan Fail to Work Out a Trade Deal, Extend Negotiations Into Third Day

After two days of in-person meetings, trade teams from the US and Japan failed to agree on a bilateral trade deal and have extended their negotiations into a third day. After the second day of discussions, Japanese Economy Minister Toshimitsu Motegi confirmed to the media that talks were progressing towards a conclusion.

However, negotiations have not been easy as both sides fail to relent on key issues, including agriculture and automobiles. After the first round of meetings, Motegi had admitted to the press that the negotiations with their US counterparts had been “very tough”.

The extension suggests that last minute efforts are on at full swing in a bid to get closer to an agreement in time for a meeting between US President Donald Trump and Japanese Prime Minister Shinzo Abe at the sidelines of the G7 summit taking place this weekend. Motegi is set to fly directly to France following the third day of negotiations to join the discussions between the two countries’ leaders.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
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.
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

HFM

Doo Prime

XM

Best Forex Brokers