JAKARTA (TheInsiderStories) — United States (US) President Donald Trump pressed Japanese Prime Minister Shinzo Abe to even out the trade imbalance between two countries. They are now negotiating a trade agreement, as Trump said that he wants US exports to be fair and very profound footing.
Trump is on a four-day state visit to Japan meant to showcase the alliance between the two nations, but which has also been shadowed by trade tensions. He said that the US has an unbelievably big trade imbalance with Japan. Previously, Trump has threatened to target Japanese automakers with high tariffs in his effort to cut the US trade surplus and get a two-way trade pact with Tokyo.
“It’s all a balance sheet thing. When I talk about a security threat, I talk about a balance sheet,” Trump said.
During the talks, Abe and Trump agreed to accelerate the negotiations and expected to reach a deal in August.
“Trade-wise, I think we’ll be announcing some things, probably in August, that will be very good for both countries. We’ll get the balance of trade, I think, straightened out rapidly,” mentioned Trump.
According to Abe, trade negotiators are working hard with in-depth talks. Abe mentioned that he and Trump should achieve an early outcome on trade and will accelerate the pace of discussions. Trump will be back in Japan soon after this trip for G20 in Osaka, and Abe says he’s looking forward to seeing him again.
Tomorrow, Abe mentioned that he and Trump will be heading to Yokosuka, a major naval base south of Tokyo. Abe will show off one of the Japanese naval force’s largest ships while hinting at one area where American exports can expand to Japan. One of Abe’s key missions has been strengthening the Japanese military and scaling back legal limitations on its use.
In the talks, Japan also agreed to buy 105 brand new F-35 stealth aircraft, then Trump said that he would give Japan the largest number of these aircraft. Moreover, Japan will also join the US in space exploration.
“We’ll be going to the moon, we’ll be going to Mars, it’s very exciting,” said Trump.
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