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Your guide to what the 2024 American elections mean for Washington and the world
Donald Trump said he would consider setting fees for Japanese exports if the American trade deficit with the Asian country would not be eliminated and pledged to discover “reciprocal” fees for other nations next week.
Speaking at the White House along with Japanese Prime Minister Shigeru Ishiba, the president warned that tariffs were an opportunity to handle the trade deficit with Japan, the most important American ally in the Indo-Religion.
Trump said Washington and Tokyo will work together to reduce the trade deficit, saying “they want justice too.”
Asked by reporters while sitting near Ishiba at the Oval Office if he were to seek further omissions from Tokyo, Trump said: “I think it will be very easy for Japan. We have a fantastic relationship. I don’t think it will We have any problems whatever. ”
In 2024, the goods deficit with Japan was $ 68 billion, compared to $ 55BN in 2020 before the end of his first term.
Comments on the new tariffs marked another escalation in Trump’s rhetoric and bring the US closer to the doorstep of a lot of money with some of its closest trading partners and security allies.
Trump also said he had also not changed his mind on opposition to Nipon Steel’s proposed $ 15 billion Steel’s purchase. Companies are suing the US government after the Biden administration blocked the agreement in January.
The US president also said he would discover “reciprocal fees” in places unnamed next week, in a hint of universal taxes that he has pledged to hit imports in the SH.BA
“I will announce that next week, reciprocal trade, in order to be treated equally with other countries,” Trump told reporters at Oval office on Friday. During the presidential campaign last year, he repeatedly warned that he would impose a universal fee for imports at the US
At the beginning of this week, Trump was suspended until March 1, his plan to impose steep tariffs in Mexico and Canada, the two largest US trade partners, but continued with a 10 percent tax from China. Beijing responded with vengeful fees that will take effect this weekend.
