By Tim Kelly KANANASKIS, Alberta (Reuters) -Japanese Prime Minister Shigeru Ishiba and U.S. President Donald Trump agreed to push ahead with trade talks on Monday, but failed to achieve a breakthrough that would lower or eliminate tariffs that threaten to hobble the Japanese economy.

President Donald Trump on Monday signed an agreement formally lowering some tariffs on imports from the United Kingdom as the two countries continue working toward a formal trade deal.Trump lowered tariffs on the U.

US President Donald Trump and Japanese Prime Minister Shigeru Ishiba failed to reach an agreement on a trade package on the sidelines of the Group of Seven summit, an outcome that leaves the Asian nation inching closer to a possible recession as the pain of US tariffs hits its economy.