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International relations

Japan and US aim to sign trade deal by September

Tokyo to slash tariffs on beef while Washington delays decision on auto levy

Japan's 38.5% tariff on U.S. beef will go down to 9% in stages.    © Reuters

TOKYO/BIARRITZ, France -- Japan and the U.S. reached a broad trade deal Saturday, with Tokyo agreeing to lower its tariffs on American beef and pork to levels set by the Trans-Pacific Partnership while letting Washington maintain its 2.5% levy on Japanese autos for now, Nikkei has learned.

Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump will confirm plans to conclude the talks in late September when the two leaders meet Sunday in Biarritz, France, on the sidelines of the Group of Seven summit. The bilateral pact could take effect this year. 

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