International Trade News

Japan’s Parliament Approves Trade Deal With U.S. Sought by Trump

Dec. 4, 2019, 2:04 AM

Japan’s parliament approved a trade pact with the U.S. that opens the country’s markets to American beef and other agricultural products, as Tokyo tries to thwart a threat from Donald Trump to impose new tariffs on its lucrative car exports.

The deal cleared a last hurdle with approval from Japan’s upper house on Wednesday. The U.S. has been pressing for the agreement to come into force by Jan. 1, which could help Trump land votes for his 2020 re-election campaign in agricultural areas that may benefit from the deal.

Prime Minister Shinzo Abe’s ruling Liberal Democratic Party coalition holds majorities...

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