Posted on 07/18/2018 2:07:25 AM PDT by Sam_Damon
Japan and the European Union have signed a massive trade deal that creates an open-trade zone for more than 600 million people. The EU and Japan account for about one-third of GDP worldwide.
The deal has been in the works for years, but the parties reached an agreement in principle a year ago, several months after President Trump pulled the United States out of the Trans-Pacific Partnership, a major trade deal with Japan and 10 other nations.
(Excerpt) Read more at npr.org ...
I bet this is like all the other free trade deals that aren’t free at all.
So there are now no tariffs between the EU and Nippon? Riiiiiight. Another BS story.
>>>As The Economist has noted, at its most basic level, it is “a deal easing the flow of cheese in one direction and cars in the other.”
“The deal removes EU tariffs of 10 percent on Japanese cars and 3 percent on most car parts,” according to Reuters. “It would also scrap Japanese duties of some 30 percent or more on EU cheese and 15 percent on wines, and secure access to large public tenders in Japan.”
The EU agricultural sector appears poised to benefit. And according to the Japan Times, some farmers in Japan are worried that an influx of European food products might impact them negatively.<<<
EU Cheese & Wine vs Jap Cars
Wow, that’s gonna kill us. LOL
The left has it’s gloBULL warming hoax and the right has it’s “free trade” hoax.
Could well be. The devil is in the details.
Posted this more as a waypoint marker than anything else.
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