Trump Urges Japan to Correct Trade Imbalances with U.S.
Newsfrom JapanEconomy Politics
Buenos Aires, Nov. 30 (Jiji Press)--U.S. President Donald Trump at a meeting with Japanese Prime Minister Shinzo Abe on Friday called on the Asian country to work on further correcting the bilateral trade imbalances, while citing a recent decrease in the U.S. deficit in trade with Japan.
At the 35-minute talks in the Argentine capital of Buenos Aires, the two leaders agreed to make efforts for further expanding trade between Japan and the United States so that both countries can reap benefits.
Trump said that the U.S. trade deficit with Japan is "massive," but is "coming down."
Pointing to the Japanese government's plan to purchase more F-35 cutting-edge stealth fighters, Trump said, "We appreciate it very much." He said he will work with the prime minister to reduce the U.S. deficit, calling for more efforts by Japan.
On the United States' retaliatory tariffs on products from China, Abe conveyed to the U.S. leader Japan's position that a tit-for-tat trade battle will benefit no country, asking the world's two biggest economies to act calmly.
[Copyright The Jiji Press, Ltd.]