Washington – Washington (AP) – President Donald Trump on Wednesday direct trade with Japanese officials.
Republican President Treasury Secretary Scott Besent and Commerce Secretary Howard Lutnik also attended the meeting with the top economic adviser on the central role in his trade and customs policy.
“Hopefully for Japan and the United States good (great!) Something can be done!” Trump wrote on a social media post before the meeting.
Then, he posted: “Meeting with Japanese delegation about the just trade is a great honor. Big progress!”
Japanese Prime Minister Shigeru Ibiba told reporters in Tokyo on Thursday that his chief trade negotiator Ryosai Akazawa told him from Washington that the discussion was “very clear and constructive”.
“Of course the discussions are not easy, but President Trump said his intention as a top priority in the discussion,” said Isiba. “I believe we had a discussion that leads to the next step.”
Isiba said he would look into the cabinet and how he was planning to meet Washington to meet Trump at the appropriate time.
Trump’s choice to be directly involved in discussing the desire to finalize several trade agreements as China is following its own contract set. This is an open test of Trump’s reputation because countries around the world try to limit the potential loss of its import tax.
The clear tariff that Trump announced on April 2 sparked terror in the financial market and threatened the downturn, causing the US president to quickly hold a partial 90-day on import tax, and increased its already steep tariff against China by 145%.
The break temporarily saved Japan from 24% across the board’s tariff, but there was a 25% tax on the baseline duty and 25% tax on imported cars, auto parts, steel and aluminum exports.
Japan charges 5.7% on other countries’ products and has a long -time alliance in the United States, an important indicator of whether the Trump administration can achieve a meaningful agreement on Wednesday, which assures the market, American voters and foreign allies.
US economic rival China, already, is trying to capitalize on Trump’s announcement around the announcement, with its leader, President Xi Jinping, a country tourist in Southeast Asia and its country as a more reliable trade partner.
Japan is among the first countries that start open with the United States, and other administration officials say the phones are interested in dealing with a dozen countries “hooks”, who is interested in dealing with a president who seems himself as a master negotiator to avoid tariffs when a 90 -day break is over. Israel and Vietnam have proposed to zero their tariff rates, but Trump was non -committee on whether it would be enough.
On Thursday, Trump is expected to meet with Italy Prime Minister Georgia Meloni, who will probably carry out the message on how to resolve Trump’s tariffs on 2 27-state groups for the European Union.
Nevertheless, the US president can also feel the pressure to settle any tariff because many voters have said that they have returned Trump to the White House with certain goals of the economy. California Governor Gavin News filed a case on Wednesday to argue that Trump declared an economic emergency in order to collect his tariff, and Democrat said in a statement that the tariffs had created economic chaos.
Jerome Powell, chair of the Federal Reserve, said Wednesday that Trump’s customs policies would damage the US economy, direct warning to sell a White House as long -term positive for the country.
“Still declared tariff levels are a significant extent larger than expected, and it can probably be true in economic impacts which will include high inflation and slow growth,” Powell said in the Chicago Economic Club.
Like many other countries trying to reduce the potential economic consequences from Trump’s tariff, Japan is shaking to respond to. It has set up a special task force to evaluate the impact of the tariff and to give loans to anxious companies.
Although Isiba has been working hard to work hard outside Trump, the government has officially said what the government can give during the discussion.
Or the administration was not transparent about his asking. The Trump administration is seeking more access to US products with Japan to stop $ 68.5 billion trade deficit and more access to US products in foreign markets, yet the President emphasized that tariff revenue could be used to pay federal budget deficit.
Trump posted on Wednesday, “Japan is coming today to discuss tariffs, military support and ‘trade fairness’.
Japan has claimed that Trump’s tariffs could violate the bilateral trade agreement or the World Trade Organization rules. Although Isiba says he is opposed to retaliatory tariffs, he also said that he is not hurrying to move towards any settlement because he does not want a discount.
Meanwhile, on Wednesday, Malaysia stopped and told its leader that China would be a co -operative partner and would stand with its Southeast Asian neighbors after the global economic push.
Shi is visiting Vietnam, Malaysia and Cambodia this week, which was probably planned before the uncertainty of tariffs, but he is also using Beijing as a source of stability in the region and to quit relations in the world because he is looking for a 5% tariff on China.
“Global order and economic globalization, China and Malaysia will be geo-political with the countries of the region … in addition to conflict, one-sided and protection will fight against the counter-sources of protection,” said Dinar in the eleventh Prime Minister Anwar Ibrahim. “
“Together, we will protect our Asian families brilliant prospects,” he added.
Shi has promised greater access to the Chinese markets of Malaysia and Vietnam during his visit, though some details were shared.
In Washington, Trump has indicated that he wants to contribute how much he wants to contribute to the expenses of US troops living there, mainly as a resistant to China.
Trump’s demand for further defense expenditure worries the Japanese government.
Under the national security strategy, Japan’s goal was to make annual defense expenditure in 2027 or 2% of GDP, when Trump could seek to increase GDP by 3%. Japan’s Defense Minister General Nakatani said on Tuesday that the military budget for this year is about 1.8%of Japan’s GDP.
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Yamaguchi reports from Tokyo.
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