But for all the apparent chumminess between President Donald Trump and Japan’s Shinzo Abe, it hasn’t resulted in much concrete action to address Trump’s main complaint: fixing what he sees as an unfair trade relationship with Japan. But throughout Trump’s two-day visit, Abe publicly ducked any talk of major trade concessions even though Trump kept bringing it up. Just talking generalities won’t change anything.”For the US, the Japanese trade deficit is second only to that with China. “Right now our trade with Japan is not fair and it isn’t open,” Trump told business leaders in Tokyo Monday. The Trump administration also wants Japan to expand its use of US liquefied natural gas, hoping exports could cut into the trade deficit.

Source: Mint November 06, 2017 19:41 UTC