Prime Minister Abe and President Trump will meet to discuss, among other things, trade relations between Japan and the U.S. (1) That may include the possibility of the U.S. joining the CPTPP trade deal, but more likely will focus on bilateral matters given the Japanese trade surplus reached $65.2 billion in the 12 months to February 28. That’s proven persistent despite a 12% rise in Japanese imports from the U.S. The ongoing Pence-Asō economic dialogue has also failed to deliver the bilateral trade deal America desires. (2) Instead a KORUS-like transactional deal focusing initially on...
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