Japan delays trade talks on USD550 bil investment package

AWANI

Japan cancels key Washington trade visit, delaying USD550 billion investment talks. Tokyo urges the U.S. to revise overlapping tariffs on beef, auto parts first.

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00:00Japan's top trade negotiator Ryosei Akazawa has cancelled a visit to Washington at the last minute,

00:07further delaying discussions on a $550 billion investment package.

00:11The Japanese government says key details need to be worked out at a technical level

00:16before the agreement can be finalized.

00:21Akazawa was due to fly to Washington to confirm terms of the package,

00:25including how profits would be split between the US and Japan.

00:28Tokyo is pressing Washington to amend US President Donald Trump's executive order first

00:34to avoid overlapping duties on products like beef and auto parts.

00:39In July, both sides agreed to cut tariffs on Japanese imports to 15% in exchange for investment.

00:46Trump said the US would claim 90% of returns,

00:50while Japan insists investments must also benefit its economy.

00:54Meanwhile, Japan's exports to the US posted their biggest monthly drop in four years in July,

01:01prompting Tokyo to cut its growth forecast to 0.7%.

01:05可是, la Nikola National Environmental 1960s original president says that

01:09the US is for the US to discuss,

01:12which would be a fair answer,

01:14such a long time of reporting for its financial crisis.

01:15Yenon Guberman, the US won a regional tour,

01:17number ofatamente.

01:18The US to this national security and its navigation in the same moment,

01:20the US to other non-analysis.

01:22The US to our national security and its security.

01:24And the US to the US is our firstOut able to determine

01:25what their business is now.

01:26So there is a very difficult over the US,

01:28the US to the US to get there.

01:29It's been a very difficult over the US to the US.

01:30China is an international state partnership and the US to the US to invest,

01:30the US to the US,

01:31in the US to northernupon Florida.

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