EU, Japan pledge joint push for “fair” global trade.

EU and Japan Forge “Competitiveness Alliance” to Strengthen Free‑Trade System

During a summit in Tokyo, European Commission chief Ursula von der Leyen and Japanese Prime Minister Shigeru Ishiba announced a partnership aimed at boosting bilateral trade, countering unfair practices, and fostering innovation.

Key Points of the Agreement

• Free‑Trade Commitment – The alliance pledges to uphold a “stable, predictable, rules‑based” economic order.
• Market Scale – Europe and Japan together represent 20 % of global GDP and serve a market of 600 million consumers.
• Trade‑Tech Alignment – Both blocs will shape global rules on trade and technology, emphasizing fairness and openness.

US Trade Deal Highlights

United States President Donald Trump unveiled a “massive” trade agreement that cuts tariffs on Japanese cars to 15 %. The EU’s top trade negotiator, Maros Sefcovic, will discuss the deal with US Commerce Secretary Howard Lutnick later on Wednesday.

Defense Cooperation and Future Talks

European Council President Antonio Costa and von der Leyen will visit Beijing next for talks with China’s leaders, marking the 50th anniversary of diplomatic ties. However, differences over state subsidies, market access, and China’s support for Russia are expected to dominate the discussions.