Japan is a big deal for President Donald Trump’s upheaval of world’s trading system.
On his own terms, it could now be said that his aggressive approach is yielding tangible results.
Right from the off, the US side has been talking up the chances of a deal with Japan, but despite several delegations, the deal had been strangely elusive – until now.
In a narrow sense, this is a win for the Trump approach, especially if Japan becomes the domino that leads the rest of the world to come into line.
Japan now has the best deal, or rather, the least worst deal, of all the nations with major trade surpluses with the US.
