Trade: the United States and Japan join forces and refine their weapons against China

China is in the sights of the United States and Japan. Washington and Tokyo have announced a new “partnership” to strengthen their trade ties damaged under Donald Trump. China’s trade distortions are in the sights of both allies. This partnership is announced as the two countries wish to resolve their dispute over steel and aluminum. Japan was among many countries that were imposed additional tariffs of 25% on steel and 10% on aluminum by the Trump administration in June 2018 in the name of the national security of the States- United.

United States Trade Representative (USTR) Katherine Tai met Japanese Foreign Minister Hayashi Yoshimasa in Tokyo on Wednesday “to discuss new ways for the United States and Japan to effectively team up to create (a region) Indo-Pacific stable, secure and prosperous, ”they said in a joint statement. They also exchanged views on the challenges and potential approaches to tackle China’s non-market-abiding business practices and other policies that threaten the stability and prosperity of the global trading system and countries. American and Japanese workers, they added.

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Washington and Tokyo accuse Beijing of resorting to trade practices deemed unfair, such as subsidies to its public enterprises, the forced transfer of technology or even the non-respect of intellectual property, grievances shared by a large number of European countries . In a separate statement, USTR said “initial areas of cooperation” will include “concerns raised by third countries”, in other words, China.

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The United States and Japan also want to prioritize working conditions, the environment and the digital sector. The first round of meetings under this new “Trade Partnership” will take place in early 2022, USTR said.

“Periodic meetings will be held thereafter regularly to advance a common program of cooperation in a wide range of fields as well as to deal with bilateral trade issues of concern to both sides,” he added.

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