US and Japan Business – level 1
The US and Japan do business together. There are two new deals between these two countries.
The first deal is about trading farming products. The US wants to do fairer business. It wants to reduce or stop Japanese taxes on some farming products. These products are meat, wheat and others.
The second deal is about things like music, videos and software. The value of this business is about 40 billion dollars now. The US wants to make this business bigger.
At the moment, the US is also talking about business with China. They discuss similar topics like farming and digital trade.
Difficult words: deal (an official agreement usually about business), tax (money which is a part of the cost of something), value (when someone thinks about how much people will pay for something).
You can watch the original video in the Level 3 section.
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