Listen: US, EU And Japan discussed on Biz 1190 Overnight featuring Bloomberg Radio
"Initial trade talks with the US Frank and phone common. Ground Limburg senior Asia at Derek Wolfe. Bank is watching the story. Good. See this morning. The minister has also been in deflecting questions about the potential inclusion of currency clause seems to be a common theme the latest. That's quite right. Yeah. Talks underway in Washington. There were comments after that that that I think people got a little bit excited, but there's not quite as much to get excited about it. It's very pro forma Japan is trying to contain these talks to the scope of earlier issue documents which critically don't contain commentary about FX. Now, anyone who's been falling trade for a long time, then longtime I made a couple of months to a year understands that the US position on currency is sort of ironclad. They're really concerned that Asian countries in particular as well as Europe are going to try and deflate their currency a little bit gained an and trade talks. So US is trying to put currency into any of these trade discussions Japan doesn't want that. And so there had been a fair amount of attention on whether or not this would be part of it. And I gotta say coming out of this. We don't have a better answer for you. I wish that we did. But we don't you can count though. Oh on the US to be insistent on things about agriculture about automobile. Some of these Keefe as you've been hearing for very little fairly long time. But on affects don't have a better answer for you wish we did. We've got quite a bit of traction on other fronts. The EU ministers giving the green lights starting to go with the United States. Very exciting. Then going to be very strained conversation. Any anything with the EU trade? Look, Donald Trump has been very clear for a long time that he thinks that the EU is absolutely going to town on the United States on a fair number of things. I mean, keep in mind, there's an overhanging autos tariff threat that we're that we're dealing with. Where Europe is trying desperately to make sure that Volkswagens and Mercedes and BMW's don't come with an extra twenty five percent cost to them. And and so anything that you're dealing with in terms of trade between the US the US coming with these overhanging threats from the White House to Europe, notably thinking back to Japan. We're not looking at a lot of that sort of overhanging pressure. Perhaps there's a better relationship that Trump has with Shinzo Albay. But that overhanging threat that you have with Europe and China doesn't seem to be quite as president with the Japanese. Derek? Let's see where this set of trade talks ends up. We'll Bank"