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.”
 
Both Trump and Abe said they expect to sign the deal around meetings of the United Nations General Assembly next month in New York. They asked aides to accelerate negotiations over unfinished aspects of the trade deal in order to have a final agreement prepared in time.
 
“We’ve agreed to every point and now we’re papering it and we’ll be signing it at a formal ceremony,” Trump said.
 
U.S. Trade Representative Robert Lighthizer said the preliminary agreement is three-fold, addressing industrial tariffs, agriculture and digital trade. It does not eliminate 2.5 percent tariffs on Japanese vehicles or major auto parts, he said. Japan has repeatedly asked the Trump administration to lift the tariffs in previous negotiations.
 
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