Japan is ‘winning’ on trade with US and Donald Trump doesn’t like it
Trump rebukes Japan over its ‘massive’ trade surpluses with the United States
US President Donald Trump lashed out Monday at the trade relationship with Japan, saying that the close ally had been “winning” for decades at the expense of the United States.
Speaking to Japanese and US business leaders on the second day of his Asia tour, Trump complained that the trade relationship between the pair was “not fair and open.”
“I have to say for the last many decades Japan has been winning,” he said.
“Many millions of cars are sold by Japan into the United States whereas virtually no cars go from the United States into Japan.”
“The US has suffered massive trade deficits with Japan for many, many years, almost $70 billion annually. So we will have to negotiate and we will do this in a friendly way.”
Trump has formed a strong bond with Prime Minister Shinzo Abe and the pair already discussed trade in an informal setting on the golf course on Sunday.
