The US and Japan have announced a major trade deal. But the deal is not expected to be finalised until after Mr Trump takes office in January. The deal reduces tariffs on US farm goods and Japanese machine tools, while also allaying the threat of higher US duties on car imports. Japan's President Abe said he and Trump had agreed no further tariffs would be imposed by either country. Negotiations over tariffs on cars are due to begin in April.
The US and Japan have announced a major trade deal. While the limited agreement does not cover the sensitive issue of vehicle imports, President Trump said it would allow $7bn of US products into Japanese markets. The deal reduces tariffs on US farm goods and Japanese machine tools, while also allaying the threat of higher US duties on car imports. Japan's President Abe said he and Trump had agreed no further tariffs would be imposed by either country. Negotiations over tariffs on cars are due to begin in April.