Trump Frustrated with US Trade Deficits with Japan, Others (News)
Newsfrom JapanPolitics Economy
New York, Jan. 11 (Jiji Press)—US President-elect Donald Trump expressed his discontent with his country's trade deficits with Japan and other countries, during his first press conference since the November 8 presidential election, held in New York on Wednesday.
"We have hundreds of billions of dollars of losses on a yearly basis, hundreds of billions with China on trade and trade imbalance, with Japan, with Mexico, with just about everybody," Trump said. "We don't make good deals anymore."
"So we need people that are smart, we need people that are successful," in order to promote his "America First" approach in international trade as well as in other fields, Trump stressed.
Meanwhile, he criticized China for taking "total advantage of us economically, totally advantage of us in the South China Sea by building their massive fortress, total."
"Russia, China, Japan, Mexico, all countries will respect us far more, far more than they do under past administrations," Trump said.
Toyota Chief Meets with Incoming US Vice President Pence
Tokyo, Jan. 11 (Jiji Press)—Toyota Motor Corp. President Toyoda Akio held a meeting with incoming US Vice President Mike Pence in the United States on Tuesday, it was learned on Wednesday.
Toyoda is believed to have told Pence that the leading Japanese automaker will continue to make contributions to the development of the US economy as a good corporate citizen in the country, according to informed sources.[Copyright The Jiji Press, Ltd.]