President Donald Trump and Prime Minister Shinzō Abe held a series of political and social meetings – including over sumo wrestling – but have yet to reach formal trade deal. Agriculture remains “very much in play” according to the White House, making a deal ahead of Japan’s elections in July very unlikely. Talks will likely focus on reducing the U.S.’s $67.8 billion trade deficit with Japan, which represents 7.4% of the total U.S. global trade deficit. The centerpiece for negotiations needs to be the automotive sector rather than agriculture. Bilat...