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Sun, 17 Nov 2019 16:14 GMT

Trump Urges Greater Japanese Investment in US


7Dnews London

Sat, 25 May 2019 20:52 GMT

President Donald Trump urged Japanese business leaders on Saturday May 25th to increase their investment in the U S. 

Trump arrived in Japan on May 25th for a largely ceremonial visit meant to showcase strong ties with Tokyo, even as trade tensions loom, according to Reuters.

He said he hoped to address the trade imbalance between the U S and Japan, and ensure fairness and reciprocity.

The president said: “Japan has had a substantial edge for many, many years, but that’s OK, maybe that’s why you like us so much.”

Japanese prime minister, Shinzo Abe, is giving Trump an imperial banquet, and front row seats at a sumo tournament during the trip, which lasts through Tuesday May 28th.

The two men share a warm relationship, which the Japanese leader aims to emphasize, as Washington considers tariffs on Japanese auto exports that the Trump administration views as a potential national security threat.

The U S is in the middle of an expensive trade war with China in protest against Beijing's treatment of US companies, and tensions with Japan and the European Union over trade are also simmering.

Trump and Abe are expected to discuss trade during talks on Monday May 27th, but officials have played down the possibility of a deal during the visit.

On Sunday May 26th, Trump and Abe are expected to play golf and attend a sumo match.

A medium-strength earthquake hit eastern Japan, causing buildings to shake in Tokyo, hours before Trump's arrival.

No tsunami warning was issued and there were no immediate reports of damage.

Asia US & Canada