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The relative economic power of Japan and the United States was undergoing sweeping change, especially in the 1980s. [131] This change went well beyond the implications of the United States trade deficit with Japan, which had remained between US$40 billion and US$48 billion annually since the mid-1980s. [131]
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.
Balance of trade with the United States. The 30 largest trade partners of the United States represent 87.9 percent of U.S. exports, and 87.4 percent of U.S. imports as of 2021. These figures do not include services or foreign direct investment. In 2023, Mexico is still the second largest trading partner of the United States after Canada. [1]
TOKYO (Reuters) -Japanese Industry Minister Ken Saito said on Friday that U.S.-Japanese ties were "stronger than ever", although he declined to comment directly on growing scrutiny in the United ...
A committee of top government agency officials has notified President Joe Biden that it has not reached a consensus on whether a sale of US Steel to a Japanese rival poses a national security risk ...
The US exported goods and services to a record 39 countries in 2022 with the most goods going to Canada, Mexico, China, Japan, and the United Kingdom, ... US-China trade flows.
The Plaza Accord was a joint agreement signed on September 22, 1985, at the Plaza Hotel in New York City, between France, West Germany, Japan, the United Kingdom, and the United States, to depreciate the U.S. dollar in relation to the French franc, the German Deutsche Mark, the Japanese yen and the British pound sterling by intervening in currency markets.
The authority of Congress to regulate international trade is set out in the United States Constitution (Article I, Section 8, Paragraph 1): . The Congress shall have power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and to promote the general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform ...