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The surplus reached a record US$18.2 billion in 1978, promoting considerable tension between the United States and Japan. In 1979 petroleum prices jumped again, and Japan's trade balance again turned to deficit, reaching US$10.7 billion in 1980. Once again, rapid export growth and stagnant imports returned Japan quickly to surplus by 1981. For ...
The Treaty of Amity and Commerce between Japan and the United States (日米修好通商条約, Nichibei Shūkō Tsūshō Jōyaku), also called the Harris Treaty was a treaty signed between the United States and Tokugawa Shogunate, which opened the ports of Kanagawa and four other Japanese cities to trade and granted extraterritoriality to ...
On 17 May 2019, the United States and Japan struck a trade deal to lift the beef import ban, clearing the way for U.S. products to enter the market regardless of age. U.S. agriculture secretary Sonny Perdue hailed the trade deal, stating "This is great news for American ranchers and exporters who now have full access to the Japanese market for their high-quality, safe, wholesome, and delicious ...
Japan–United States relations continued to evolve throughout the Cold War and into the 21st century, with periods of cooperation and occasional trade disputes. The two nations maintain strong economic ties, and Japan is a crucial ally of the United States in Asia.
Mechanisms used by the Japanese government to affect the economy typically relate to trade, labor markets, competition, and tax incentives. They include a broad range of trade protection measures, subsidies, de jure and de facto exemptions from antitrust statutes, labor market adjustments, and industry-specific assistance to enhance the use of ...
The deal, which improves access to Japan for U.S. farm products such as beef and pork while reducing some U.S. tariffs on Japanese industrial products, does not require approval by the U.S ...
Free trade agreements of Japan (9 P) J. ... Trade policy of Japan; ... United States beef imports in Japan; V. Voluntary export restraint
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