Japan, US set framework for talks on trade, broader ties

Nov 16, 2021, 11:35 PM | Updated: Nov 17, 2021, 8:22 am

TOKYO (AP) — U.S. Trade Representative Katharine Tai and Japan’s trade and industry minister agreed Wednesday to work to resolve a dispute over American tariffs on steel and aluminum as part of a framework for cooperation in wider areas.

A partnership announced earlier this week also will include working on a “Japan-U.S. common global agenda” for trade and cooperation in the Indo-Pacific region, Japan’s Ministry of Economy, Trade and Industry said.

Tai and METI Minister Koichi Hagiuda’s talks Wednesday followed a visit to Tokyo earlier in the week by Commerce Secretary Gina Raimondo. Tai and Hagiuda also agreed to set up a bilateral framework of talks among senior officials from the USTR and Japanese trade and foreign ministries to discuss trade issues and check “unfair practices related to third countries.”

The statement did not name those countries but appeared to be alluding to China.

“For Japan and the United States, who share values of freedom, democracy and rule of law, leading the world economy, it’s essential that we strengthen our economic cooperative relationship,” Hagiuda said.

The U.S. envoys have been visiting the region in a first obvious push by President Joe Biden’s administration to soothe frictions left over from Donald Trump’s days in office.

“In affirming the U.S. commitment to the Indo-Pacific, President Biden has stressed that his vision seeks a region that is open, connected, prosperous, resilient and secure,” Tai said.

The effort to settle the tariffs issue comes as prices for steel have surged as economies shift into high gear after slowing during the pandemic.

At the same time, major economies have doubled down on trying to curb excess output in both industries.

METI said in a statement that the two sides had confirmed plans for negotiations on the tariffs issue and on addressing global excess production capacity.

It said Tai and Hagiuda also discussed preparations for ministerial level talks of the World Trade Organization that are due to begin Nov. 30 in Geneva.

Tai was to also meet with Japanese Foreign Minister Yoshimasa Hayashi for talks and working dinner later Wednesday.

Trump imposed extra tariffs of 25% on imports of steel and 10% on imports of aluminum, citing a need to protect American industries. That move angered U.S. allies in Japan, South Korea and Europe.

In meetings with Tai and Raimondo, Japanese officials said they were emphatic about having the tariffs problem resolved.

The U.S. and EU recently resolved their dispute over the punitive tariffs, with the U.S. agreeing to increase imports from the bloc. The deal helped forestall the imposition of retaliatory EU tariffs on billions of dollars worth of imports of American products such as Harley Davidson motorcycles and Kentucky bourbon. Those duties had been due to take effect in December.

___

Associated Press writer Haruka Nuga contributed.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

FILE - Russian President Vladimir Putin, center, watches through binoculars as Russian Defense Mini...
Associated Press

What’s Putin thinking? Tough to know for nuclear analysts

PARIS (AP) — Will President Vladimir Putin pull the nuclear trigger? For Kremlin watchers trying to figure out whether the Russian leader’s nuclear threats are just bluffs, there is no more pressing — or tough — question. For now, analysts cautiously suggest that the risk of Putin using the world’s biggest nuclear arsenal still seems […]
1 day ago
Tampa Bay Buccaneers tight end Cameron Brate (84) misses a catch during the first half of an NFL fo...
Associated Press

Analysis: NFL isn’t passing the eye test on head injuries

What happened in Tampa was the last thing the NFL, its players and its fanbase needed three days after Tua Tagovailoa’s horrifying head injury called into question the league’s commitment to curbing concussions. Buccaneers tight end Cameron Brate sat out the second half of Sunday night’s 41-31 loss to the Kansas City Chiefs with a […]
1 day ago
Associated Press

Iran says it launched test ‘tug’ into suborbital space

TEHRAN, Iran (AP) — Iranian state media said Tuesday the government has launched a space tug capable of shifting satellites between orbits. State TV said the Saman test spacecraft was built by the country’s Space Research Center and launched Monday by the Defense Ministry. Hassan Salarieh, chief of the Islamic Republic’s space agency, told state […]
1 day ago
FILE - A bust of Alfred Nobel on display at the Karolinska Institute in Stockholm, Sweden, on Monda...
Associated Press

Nobel panel to announce winner of physics prize

STOCKHOLM (AP) — The winner, or winners, of the Nobel Prize in physics will be announced Tuesday at the Royal Swedish Academy of Sciences in Stockholm. While physicists often tackle problems that appear at first glance to be far removed from everyday concerns — tiny particles and the vast mysteries of space and time — […]
1 day ago
In this undated surveillance image released by the Stockton Police Department, a grainy still image...
Associated Press

Police: 6 California killings may be work of serial killer

STOCKTON, Calif. (AP) — Ballistics tests have linked the fatal shootings of six men and the wounding of one woman in California — all potentially at the hands of a serial killer — in crimes going back more than a year, police said. Authorities last week announced that five men in Stockton had been slain […]
1 day ago
A currency trader walks by the screens showing the Korea Composite Stock Price Index (KOSPI), left,...
Associated Press

Asian shares rise after ‘relief rally’ on Wall Street

TOKYO (AP) — Asian shares rose Tuesday, encouraged by a rally in U.S. shares after some weak economic data raised hopes that the Federal Reserve might ease away from aggressive interest rate hikes. Japan’s benchmark Nikkei 225 added 2.8% in afternoon trading to 26,959.25. South Korea’s Kospi gained 2.5% to 2,209.98. Australia’s S&P/ASX 200 jumped […]
1 day ago

Sponsored Articles

...
SCHWARTZ LASER EYE CENTER

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.
...
Day & Night Air Conditioning, Heating and Plumbing

Here are 4 signs the HVAC unit needs to be replaced

Pool renovations and kitchen upgrades may seem enticing, but at the forefront of these investments arguably should be what residents use the most. In a state where summertime is sweltering, access to a functioning HVAC unit can be critical.
...
Sanderson Ford

Don’t let rising fuel prices stop you from traveling Arizona this summer

There's no better time to get out on the open road and see what the beautiful state of Arizona has to offer. But if the cost of gas is putting a cloud over your summer vacation plans, let Sanderson Ford help with their wide-range selection of electric vehicles.
Japan, US set framework for talks on trade, broader ties