NYTimes – The E.U.-Japan Trade Deal: What’s in It and Why It Matters

Negotiations between the two parties have accelerated since President Trump pulled out of TPP upon taking office.

July 6, 2017

‘The European Union and Japan announced a broad agreement on Thursday that would lower barriers on virtually all the goods traded between them, a pointed challenge to President Trump on the eve of a summit meeting of world leaders in Germany.

Though the deal still needs further negotiation and approval before it can take effect, it represents an act of geopolitical theater, a day before a Group of 20 summit meeting begins in Hamburg. At a meeting of G-20 finance ministers in March, Steven Mnuchin, the United States Treasury secretary, pointedly declined to endorse a statement in favor of free trade.’

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