A deal was close or the talks are going well in order to bring the market back up and thats exactly what happened on wednesday after the president made his statement to reporters at a meeting of nato leaders in london so the president said quote discussions are going very well and well see what happens and then sure enough proof like magic stocks rebounded on wednesday as the president also indicated that the 2 sides are closer to agreement on how many tariffs would be rolled back in todays one of the deal and another trade deal on the horizon the Japanese Parliament on wednesday approved a trade deal with the United States which was negotiated by that you could use leaders earlier this year the deal which cut tariffs between the 2 nations will go into effect at the start of 2020 after the deal was made between President Donald Trump and japanese Prime Minister shinzo abbay in september the us president said the trade deal will open the door for 7000000000. 00 in u. S. Beef and Agricul
The deal. And another trade deal on the horizon the Japanese Parliament on wednesday approved a trade deal with the United States which was negotiated by that you could use leaders earlier this year the deal which cut tariffs between the 2 nations will go into effect at the start of 2020 after the deal was made between President Donald Trump and japanese Prime Minister shinzo abbay in september the us president said the trade deal will open the door for 7000000000. 00 in u. S. Beef and Agricultural Products to be sent to japan with tariffs lowered or removed on beef pork wheat cheese corn and wine now in the deal a 2. 5 percent tariff on japanese vehicles will still remain in place japan is currently americas 3rd largest trading partner for foreign products importing roughly 14000000000. 00 worth of products per year now joining us to discuss the latest in the u. S. Trade is Richard Wolffe lesser of economics at the university of am hurst and host of the air. Nomic update professor wol
Well this of course is more positive than what the president said on tuesday when he indicated that a trade deal might have to wait until after the 2020 election wed be clear here every time the president says that the trade deal may take a little bit longer stocks take a dive which didnt requires the president to say that a deal was close or the talks are going well in order to bring the market back up and thats exactly what happened on wednesday after the president made his statement to reporters at a meeting of nato leaders in london say the president said quote discussions are going very well and well see what happens and then sure enough proof like magic stocks rebounded on wednesday as the president also indicated that the 2 sides are closer to agreement on how many tariffs would be rolled back in the states one of the deal and another trade deal on the horizon the Japanese Parliament on wednesday approved a trade deal with the United States which was negotiated by the 2 contract
Mike santoli. Thank you both for joining us. Carl and jon have the morning off. We have news from the trump transition and john harwood. Weve just had the transition call with the Incoming White House press secretary, sean spicer. He said that donald trump around 4 00 today is going to have an Economic Development announcement that will be good for American Workers. Didnt specify what it is, said he wants to keep everyone guessing. Dont know if its Something Like the deal that he engineered with carrier to try to preserve some jobs that were headed for mexico or a new investment. Of course, he met with the softbank president who pledged 50 billion investment in the United States. Dont know what its going to be, but we will bring it to you when it happens later this afternoon, guys. And of course, it is a little bit more, john, than two weeks before we are expected to learn about what the president elect will do with his own businesses. You mention that this will likely have to do with