President Trump got another big win on Sunday, as he announced that the U.S. and Japan had agreed "in principle" to a trade that will open Japan to $7 million of American agricultural products. Speaking to reporters at the G-7 summit, Trump stated, "We have been working on a deal with Japan for a long time. It involves agriculture. It involves e-commerce. It involves many things. We've agreed in principle." Trump added, "We've agreed to every point, and now we're papering it and we'll be signing it at a formal ceremony," according to The Hill.
U.S. Trade Representative Robert Lighthizer called the deal said "very good news" for American farmers. He added, “From our point of view it is extremely important for our farmers and ranchers and those who work in the digital space.”
The good news on trade comes after a successful trip to the G-7 conference in France.
China signaled Monday it is now seeking a "calm" end to its ongoing trade war with the U.S. and President Trump voiced optimism about a deal, as Asian markets crumbled and China's currency plummeted to an 11-year low following the latest tariffs on $550 billion in Chinese goods announced last Friday by the Trump administration.
"I think we're going to have a deal," Trump told reporters.
Trump said Monday that officials from China called U.S. officials and expressed interest to "get back to the table,” The Wall Street Journal reported. He called the discussions a “very positive development.”