President Trump said Saturday he is pushing for a « much better trade » deal between the U. S. and Japan, after a conversation with Japanese Prime…
President Trump said Saturday he is pushing for a « much better trade » deal between the U. S. and Japan, after a conversation with Japanese Prime Minister Shinzo Abe.
Trump tweeted that the nation’s current trade deficit with Japan is neither « fair or sustainable, » though he appeared to severely exaggerate the U. S. trade deficit with the country. Trump said he discussed « opening up Japan to much better trade with the U. S. »
The U. S. had a $68.8 billion trade deficit for goods with Japan for 2017, but the overall trade deficit figure is expected to drop when taking into account trading of services. In 2016, for example, the U. S. had a surplus of over $14 billion for services traded.
While Trump didn’t explicitly mention new U.
