Ishiba says no talk with Trump on car tariffs at summit

Trump identifies Japan’s US substantial financial investment, systemcheck-wiki.de task production

LNG, akropolistravel.com steel, AI and autos are areas Japan can invest in US

Nippon Steel will run under US management, staff

Japan will not raise defence costs without public support

TOKYO, Feb 9 (Reuters) - Japanese Prime Minister Shigeru Ishiba expressed optimism on Sunday that his country might avoid greater U.S. tariffs, annunciogratis.net saying President Donald Trump had “recognised” Japan’s huge financial investment in the U.S. and the American tasks that it creates.

At his very first White House top on Friday, Ishiba told public broadcaster NHK, he explained to Trump the number of Japanese automakers were creating jobs in the United States.

The 2 did not specifically discuss automobile tariffs, Ishiba said, although he said he did not know whether Japan would go through the mutual tariffs that Trump has said he plans to impose on imports.

Tokyo has so far got away the trade war Trump released in his very first weeks in workplace. He has announced tariffs on goods from Canada, Mexico and China, although he delayed the 25% duties on his North American neighbours to permit talks.

The intensifying trade stress since Trump went back to the White House on January 20 threaten to rupture the international economy.

Ishiba said he thinks Trump “identified the fact Japan has been the world’s largest financier in the United States for five straight years, and is therefore various from other countries.”

“Japan is developing numerous U.S. tasks. I think (Washington) will not go straight to the idea of greater tariffs,” he said.

Ishiba voiced optimism that Japan and the U.S. can avoid a tit-for-tat tariff war, worrying that tariffs need to be put in place in a manner that “benefits both sides”.

“Any action that makes use of or omits the opposite won’t last,” Ishiba said. “The question is whether there is any issue between Japan and the United States that requires enforcing greater tariffs,” he added.

Japan had the highest foreign direct investment in the United States in 2023 at $783.3 billion, followed by Canada and Germany, according to the most current U.S. Commerce Department data.

Trump pressed Ishiba to close Japan’s $68.5 billion annual trade surplus with Washington but revealed optimism this could be done rapidly, pipewiki.org provided a promise by Ishiba to bring Japanese investment in the U.S. to $1 trillion.

On Sunday, Ishiba recognized melted natural gas, townshipmarket.co.za steel, AI and automobiles as areas that Japanese business could purchase.

He likewise touched on Trump’s guarantee to look at Nippon Steel buying U.S. Steel, as opposed to purchasing the storied American company - a planned purchase opposed by Trump and obstructed by his predecessor, Joe Biden.

“Investment is being made to guarantee that it remains an American company. It will continue to run under American management, with American staff members,” Ishiba said. “The essential point is how to ensure it remains an American company. From President Trump’s viewpoint, this is of utmost significance.”

On military spending, another area where Trump has actually pushed allies for shiapedia.1god.org increases, Ishiba said Japan would not its defence budget plan without very first winning public backing. “It is vital to guarantee that what is deemed needed is something the taxpayers can comprehend and support,” he said. (Reporting by Leika Kihara: Additional reporting by Tim Kelly