Latest Breaking News On - Protectionist stance - Page 1 : comparemela.com

two of america s biggest trading partners are striking a deal. that could be bad news for u.s. automakers and dairy farmers. europe and japan are signing a free trade agreement before the g20 summit. a clear reaction to the white house s protectionist stance. japanese prime minister abe saying they ll hoist the flag of free trade amid protectionism. this could hurt u.s. industries like cars. the agreement removes high tariffs on japanese cars and helps european automakers in japan. both actions will squeeze u.s. automakers. just as sales slow in the u.s., u.s. automakers will face an eu tariff and tougher competition in japan. the deal also eliminates japanese duties on european cheeses. right now, japan slaps a whopping 30% tariff on dairy and an increase in european gouda that will hurt american cheesemakers. currently japan is the third-largest market for u.s.

Tours europeTrading partnersFree trade agreementDairy farmersPrime ministerWhite houseFree tradeG20 summitProtectionist stanceEuropean cheeses