Business US, Japan sign limited trade deal, leaving autos for future talks Updated : September 26, 2019 09:54 AM IST Trump said the first-phase deal would open up Japanese markets to some $7 billion worth of US products annually, cutting Japanese tariffs on American beef, pork wheat and cheese. A Japanese government statement also said further talks would seek to eliminate the existing 2.5 percent US tariff on Japanese cars. Trump later praised China’s recent agricultural purchases as “goodwill” measures and said a deal with Beijing could come sooner than people think. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.