Japan, UK begin talks with view to scrapping tariffs on Japanese cars around 2026 – Jiji

Dhwani Mehta FXStreet

The Japanese media outlet, Jiji News, reported on Friday, Japan and UK began talks with a view to scrapping tariffs on Japanese cars around 2026.

Nothing further is reported on the same.

On Thursday, Bloomberg cited a person familiar with the UK side of the talks, saying that “the UK and Japan are close to agreeing with a post-Brexit trade accord, a deal that would replace the free-trade agreement Britain enjoys through its membership of the European Union and avoid the introduction of tariffs next year.”

Market reaction

GBP/USD trades close to multi-month highs near 1.3140 amid broad dollar weakness and UK-Japan trade deal optimism.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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