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Published 2 hours ago
Trump, in Japan, says Tokyo has ‘substantial’ trade advantage over US
By Adam Shaw | Fox News
President Trump heads to Japan for four-day state visit
Trump and Japanese Prime Minister Shinzo Abe expected to discuss trade; FBN's Hillary Vaughn reports from Washington.
President Trump on Saturday started his four-day visit to Japan by declaring that Tokyo has a “substantial” trade advantage over the U.S. -- and that he hopes a future trade agreement will rebalance the situation.
Trump, speaking to businessmen at the U.S. ambassador's residence, hailed the U.S.-Japanese relationship. He said that the countries are “working together to promote mutually beneficial investment.” and that they are working on a bilateral trade deal.
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“I would say that Japan has had a substantial edge for many, many years but that's OK,” he said. “Maybe that's why you like me so much.
“But we'll get it a little bit more fair,” he added. “I think we'll do that.”
Trump has made rebalancing trading relationships, particularly with China and the European Union, a priority of his administration. He has threatened Japan with tariffs on automobiles and auto parts if Japan does not give ground to the U.S. in talks.
In his speech, he said that he hopes the deal will address the imbalance by removing barriers to U.S. exports and ensuring “fairness and reciprocity” in the U.S.-Japanese relationship. He struck an optimistic note about negotiations, though, and said that “we’re getting close.”
“Just last week, U.S. beef exports gained full access to Japan and to the markets in Japan for the first time since the year 2000,” he said. “We welcome your support for these efforts and we hope to have several further announcements soon and some very big ones over the next few months.”
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As part of that push, he told business leaders that there’s “never been a better time to invest and do business in the United States.”
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READ MORE: https://www.foxnews.com/politics/trump-in-japan-says-tokyo-has-substantial-trade-advantage-over-the-us
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