New U.S.-Japan trade deal benefits some farmers and e-commerce

Erika Beras and Associated Press Oct 8, 2019

New U.S.-Japan trade deal benefits some farmers and e-commerce

Erika Beras and Associated Press Oct 8, 2019

President Trump shakes hands with Japan's Prime Minister Shinzo Abe during a bilateral meeting at the G7 Summit in August 2019. Nicholas Kamm/AFP/Getty Images

The U.S. and Japan signed a limited trade agreement on Monday, a deal that would win back benefits American farmers lost when President Donald Trump pulled out of a broader Asia-Pacific pact his first week in office. While rewarding American farmers, the new U.S.-Japan mini-deal does not resolve differences over trade in autos.

But deals with China and other trading partners have stalled — why did this one move forward?

Click the audio player above to hear the full story.

Stories You Might Like

Why the U.S. and Japan both want to strike a trade deal

Pacific Rim nations ring in new year with a trade deal shutting out U.S. farmers

Farmers hoped for a trade deal. Instead, tariffs went up

U.S. and Japan at odds over auto imports

U.S. farmer on worsening trade dispute: “It’s like a knife in my heart”

Five things to watch in trade in 2019

There’s a lot happening in the world. Through it all, Marketplace is here for you.

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.