WASHINGTON: The U.S. Trade Representative’s office told Congress on Tuesday it intends to open trade talks with the European Union, the United Kingdom and Japan.Under fast-track rules, the United States cannot start talks with the EU, Japan and the United Kingdom until 90 days after notifying Congress.”We will continue to expand U.S. trade and investment by negotiating trade agreements with Japan, the EU and the United Kingdom,” U.S. Trade Representative Robert Lighthizer said in a statement.”We are committed to concluding these negotiations with timely and substantive results for American workers, farmers, ranchers, and businesses.”The letters from Lighthizer to Congress come weeks after the United States won agreement on reworking the North American Free Trade Agreement (NAFTA) with Mexico and Canada, and as the administration faces continuing trade friction with China.The administration aims to “address both tariff and non-tariff barriers and to achieve fairer, more balanced trade” with the EU and Japan, the letters said.Japan “is an important but still too often underperforming market for U.S. exporters of goods,” the letter said. It said the United States had a US$69-billion trade deficit in goods with Japan, much of that in the auto sector.In Tokyo, Chief Cabinet Secretary Yoshihide Suga said Japan… Read full this story
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