Trade Agreements

I've heard it said informally that the U.S. - Japan trade agreement is an "interim agreement" under GATT Article XXIV:5. But I haven't seen either party make an official statement to that effect. It looks like members of Congress may be pressing

The U.S. - Japan trade deal was signed today. USTR provides the legal texts here. Based on the various fact sheets, it looks like the agreement contains a modest amount of tariff liberalization. Let's look briefly at what's in the deal, focusing on four questions:

This is from the Nikkei Asian Review: Japan and the U.S. reached a broad trade deal Saturday, with Tokyo agreeing to lower its tariffs on American beef and pork to levels set by the Trans-Pacific Partnership while letting Washington maintain its 2.5% levy on Japanese autos for now,