CLSA's Smith Says Pity for U.S. to Miss Out on TPP

The transcript discusses the significance of US involvement in global trade deals, particularly with Japan. It highlights Japan's ambition to secure trade agreements as part of Abenomics, noting its low import tariffs compared to the US and Europe. The discussion also covers the impact of President Trump's visit to Japan on bilateral trade relations, with Japan's reluctance to sign new agreements but a willingness to address the US trade deficit. Japan's strategy to manage its trade surplus by producing cars in the US and Mexico is also examined.

In what ways does Japan's trade policy reflect its economic strategy?

What challenges does Japan face in maintaining good trade relations with the US?