Japan and the EU signed a sweeping free trade deal on Tuesday saying they were sending a “clear message” against protectionism, as Washington puts up barriers and threatens a trade war.
The deal signed in Tokyo is the largest ever negotiated by the EU and creates a massive free trade zone, eliminating tariffs for everything from Japanese cars to French cheese.
It also provides a stark counterpoint to U.S. President Donald Trump’s aggressive “America First” protectionism, which has seen Washington impose trade tariffs on allies and rivals alike.
“We are sending a clear message that we stand together against protectionism,” EU Council President Donald Tusk said
The agreement is expected to enter into force from 2019.
Sign up to receive our newsletter in your inbox every day!
Please enter a valid email address.
Our existing notification subscribers need to choose this option to keep getting the alerts.