US considering possibility of revising trade agreement with Japan in tariff talks – report

The report notes that although the US is considering to revise the agreement, the Japanese camp is not anticipating such a change. As such, there is a possibility that negotiations will meet a deadlock. The revision to the agreement seems to be centered around the possibility of the US requesting further concessions on agriculture and livestock products, according to the sources. And that is something that Japan has refused to budge from the initial discussions.

For now, we’ll just have to wait and see. But at least there’s a possible timeline to look out for. Japan’s top trade negotiator, Ryosei Akazawa, could be travelling to Washington as soon as next week for a third round of trade talks.

This article was written by Justin Low at www.forexlive.com.