President Donald Trump said on Monday that his administration had reached an initial trade agreement with Japan that is focused on agricultural exports.

If the news is confirmed, this could provide relief for US agriculture that is losing market share in China. For Japan, this would mean low tariff access to the US industrial and digital trade markets.

The deal is unlikely to include steel but could shield Japan from tariffs on cars.

In a letter notifying Congress, the White House notif...

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