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Trade war

US and Japan agree on new 'free, fair and reciprocal' trade talks

Trump downbeat on TPP but would take deal he 'can't refuse'

Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump agreed to hold talks aimed at addressing the trade imbalance between the two countries but differed on the approach. (Photo by Akira Kodaka)

PALM BEACH, U.S. -- U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe agreed on Wednesday to establish a new framework for economic talks focusing on "free, fair and reciprocal" trade.

The negotiations would be aimed at balancing the U.S. trade deficit with Japan.

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