Trump eyes fair trade with Japan
Print Edition
US President Donald Trump pressed Japanese Prime Minister Shinzo Abe yesterday to even out a trade imbalance with the United States.
Trump told a news conference with Abe after their summit that his goal was to remove trade barriers to put US exports on a fair footing in Japan. He said he hoped to have more to announce on trade very soon and said he and Abe had agreed to expand cooperation in human space exploration.
“We have an unbelievably large imbalance, as you know, trade imbalance with Japan for many, many years, Japan having the big advantage,” Trump said. “They are brilliant business people, brilliant negotiators, and put us in a very tough spot. But I think we will have a deal with Japan,” he added.
Abe, for his part, said the two leaders had agreed to speed up trade talks but dodged a question about timing.
Trump, who is on a four-day state visit to Japan meant to showcase the Japan-US alliance, said on Twitter on Sunday that he expected big moves on trade would wait until after Japan’s upper house election in July.
“Trade-wise, I think we’ll be announcing some things, probably in August, that will be very good for both countries,” Trump said yesterday. “We’ll get the balance of trade, I think, straightened out rapidly.”
But Deputy Chief Cabinet Secretary Yasutoshi Nishimura told reporters there was no agreement to reach a trade deal by August. Earlier, Trump was greeted by Emperor Naruhito and his Harvard-educated wife at the imperial palace in a formal welcome ceremony broadcast live.
Trump is the first foreign dignitary to be received by the monarch since the latter inherited the throne after his father, Akihito, stepped down on April 30 in the first abdication by a Japanese emperor in two centuries.
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