• 23:20
  • 20.08.2019
Trump seeks more Japan reciprocal trade
politics
20.08.2019

Trump seeks more Japan reciprocal trade

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US President Donald Trump says "Japan has been winning" on trade in recent decades, adding he will push in a friendly way for more reciprocal trade with the US ally.
Trump is speaking in Tokyo on the second day of a 12-day Asian trip which is expected to be dominated by North Korea and trade.
"The United States has suffered massive trade deficits at the hands of Japan for many, many years," Trump said at the start of a meeting with Japanese and US business leaders.
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Trump praised Japan for buying US military hardware but added that "many millions of cars are sold by Japan into the United States, whereas virtually no cars go from the United States into Japan".
"We want free and reciprocal trade but right now our trade with Japan is not free and it's not reciprocal and I know it will be and we've started the process," Trump said.
"I have no doubt that it will be done in a quick and very friendly manner."
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Japan had a $US69-billion trade surplus with the US last year, according to the US Treasury Department. The US was Japan's second biggest trade partner after China, while Japan was the United States' fourth largest goods export market in 2016.
Japanese officials have countered US trade complaints by noting Tokyo accounts for a much smaller slice of the US deficit than in the past, while China's imbalance is bigger.
Trump met Japanese Prime Minister Shinzo Abe on Sunday for golf, lunch and dinner, and will hold a more formal summit with Abe later on Monday.
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