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9/12, 7:10 PM (Source: TeleTrader)
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US, Japan trade deal allows antitrust actions - report

The new bilateral trade deal between the United States and Japan won't require tech companies to divulge software secrets except in cases of possible antitrust law violations, the Nikkei wrote on Thursday.

According to a draft of the agreement, companies may be compelled to hand over data only in cases in which consumer safety is at risk or in possible violation of competition or privacy laws. Otherwise, forced data disclosures will be banned, the Japanese news organization said. The two countries also agreed not to tariff each other's digital products.

US President Donald Trump and Japanese Prime Minister Shinzo Abe are expected to sign the trade agreement on the sidelines of the United Nations General Assembly meeting in New York later this month.

Breaking the News / MD