Trump, Abe Ink Limited Trade Deal

The video discusses the interim trade deal between the US and Japan, highlighting its significance in alleviating the threat of auto tariffs on Japan. Prime Minister Abbe's efforts to build a strong relationship with Trump are noted, along with the benefits for US agriculture and digital trade. The video also addresses Japan's economic challenges, including the upcoming tax hike and trade tensions with South Korea.

What was a significant achievement for Japan in the interim trade deal with the US?

• Removal of tariffs on electronics

• Temporary removal of auto tariffs

• Reduction in digital trade barriers

• Increase in agricultural exports

How did Prime Minister Abe try to maintain a strong relationship with President Trump?

• By visiting Trump Tower before Trump took office

• By signing a comprehensive trade deal

• By increasing military cooperation

• By reducing tariffs on US goods

What benefit will US agriculture producers gain from the trade deal?

• A level playing field with Canadian and Australian producers

• Access to new markets in Europe

• Increased subsidies from the government

• Exemption from all tariffs

Which sector was emphasized by American technology companies in the trade agreement?

• Automobile manufacturing

• Digital trade

• Pharmaceuticals

• Textile industry

What external factor has contributed to the contraction of Japan's trade?

• The rise of cryptocurrency

• The European financial crisis

• The global pandemic

• The China-US trade war