TOKYO (Bloomberg): Japan’s parliament approved a trade pact with the US that opens the country’s markets to American beef and other agricultural products, as Tokyo tries to thwart a threat from Donald Trump to impose new tariffs on its lucrative car exports.
The deal cleared a last hurdle with approval from Japan’s upper house on Wednesday (Dec 4), clearing the last hurdle. The US has been pressing for the agreement to come into force by Jan 1, which could help Trump land votes for his 2020 re-election campaign in agricultural areas that may benefit from the deal.