President Trump talks about ‘billion-dollar’ deal he clinches with Japan
U.S. President Donald Trump on Monday speaks about the historic U.S.-Japanese trade deal during a meeting with Egyptian President Abdel Fattah el-Sissi in Biarritz, France at the G-7 Summit.
The U.S. and Japan have agreed to a trade deal at the G7 summit that is worth over seven billion dollars.
Sitting with Egyptian President Abdel Fattah el-Sissi, President Trump says the new deal will be a great deal boost to the U.S. agricultural sector.
[Donald Trump, US President]:
"One of the things we'll be discussing will be trade. And I can't underestimate or speak more highly of the trade deal we made yesterday with Japan. It's an incredible, incredible deal. It's a massive deal, especially for our agriculture, our farmers, our ranchers, and E-Commerce. There's an E-Commerce component that's very important. But it's a fantastic deal. It's a tremendous deal. It came at a great time.
U.S. Trade Representative Robert Lightizer gives a summary of the deal.
"It has three parts—agriculture, industrial tariffs, and digital trade. And from our point of view, it is extremely important for our farmers, ranches, and those people who work in the digital space. We’ll get into the details at another time. But generally, Japan is our third largest agricultural market. They import about 14 billion dollars worth of the U.S. agricultural products and this will open up markets to over seven billion dollars of those products.”