Japanese Prime Minister calls trade deal with the United States mutually beneficial

Japan's trade agreement with the United States benefits both sides. This was announced on August 4 by Japanese Prime Minister Shigeru Ishiba during a meeting of the parliamentary budget committee.

"This will serve to create jobs in the United States, and will not lead to job losses in Japan, and will bring something even better to the world. This is a mutually beneficial relationship," he said, and the speech was broadcast on the official YouTube channel of the lower house.

Back to the future: The US and the EU have concluded a trade deal

Russia believes that it will lead to the deindustrialization of Europe

On July 22, US President Donald Trump announced that the United States had concluded "perhaps the largest" trade deal with Japan, according to which Tokyo would invest $550 billion in Washington's economy and pay a 15% duty. It is specified that as part of the deal, the United States will supply cars, rice and other goods to Japan. Tariffs of 15% are mirrored.

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