Japan shows China how to handle Trump on trade

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Via Politico:

President Donald Trump said Sunday that a trade deal with Japan “is done in principle.”

“We have been working on a deal with Japan for a long time,” he said at the G-7 summit alongside Japanese Prime Minister Shinzo Abe and teams from both countries. “It involves agriculture and it involves e-commerce and many other things. It’s a very big transaction, and we’ve agreed in principle.”

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.