The bilateral trade agreement between Japan and the United States is a "win-win" deal, Prime Minister Shinzo Abe said Wednesday in New York, as U.S. President Donald Trump boasted that American farmers will thrive as tariffs fall.
Japan officials also claimed that Tokyo had avoided a nightmare scenario of a 25 percent tariff on exports of Japanese cars on national security grounds, and the introduction of a numerical export limit for the American market — something Japan's auto industry has long feared.
But trade experts have expressed mixed reactions, with some arguing that the nation failed to secure a strong commitment from Trump and his trade team, pointing out that the U.S. promises are not made clear in writing.