More than 70 countries globally are negotiating the agreement, with Japan, South Korea, the UK, and Australia leading the way, while tariff and non-tariff barriers have become难点.

Treasury Minister Basente accepted the interview from Bloomberg:

More than seventy countries are in talks, with Japan, South Korea, the UK, and Australia at the forefront. Those who reach an agreement first will receive the most favorable terms. The tariff itself is relatively easy to negotiate, but it is more difficult to discuss non-tariff trade barriers, which are very complex... The goal is to complete within ninety days. Even if all agreements cannot be signed, at least a framework of consensus will be reached.

Based on his situation with Japan, in addition to the tariff itself, non-tariff trade barriers, currency exchange rate issues, government subsidies, and other policies will also be discussed.

Countries that have good relations and are compliant are ranked first, setting a benchmark for increasing bargaining chips in negotiations with subsequent countries.

Tariffs are easier to negotiate, while trade barriers and currency exchange rates are tough nuts to crack.

Original article: https://www.toutiao.com/article/1829428136462400/

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