August 24, 2019 / 12:52 AM / 2 months ago

Japan, U.S. reach framework trade pact, no tariff cuts on Japan cars: Nikkei

TOKYO (Reuters) - The United States and Japan have reached the broad framework of a trade agreement, with Washington maintaining tariffs on Japanese autos but Tokyo cutting tariffs on U.S. beef and pork, Japan’s Nikkei business daily said on Saturday.

U.S. Trade Representative Robert Lighthizer and Economy Minister Toshimitsu Motegi reached the deal on Friday in Washington, and it will be announced at a meeting of President Donald Trump and Prime Minister Shinzo Abe expected on Sunday on the sidelines of the Group of Seven summit in Biarritz, France, the newspaper said.

The Nikkei did not cite any sources for its information.

The report comes shortly after Motegi told reporters in Washington that he and Lighthizer had made “big progress” in their talks.

Reporting by Kaori Kaneko; Writing by William Mallard; Editing by Sandra Maler

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