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Trump urges greater Japanese investment in U.S., criticizes trade advantage
Source: Reuters
WORLD NEWS MAY 25, 2019 / 5:42 AM / UPDATED 5 HOURS AGO
Trump urges greater Japanese investment in U.S., criticizes trade advantage
Jeff Mason
4 MIN READ
TOKYO (Reuters) - U.S. President Donald Trump urged Japanese business leaders on Saturday to increase their investment in the United States while he chided Japan for having a “substantial edge” on trade that negotiators were trying to even out in a bilateral deal.
Trump arrived in Japan on Saturday for a largely ceremonial state visit meant to showcase strong ties even though trade relations are problematical. In the evening, the Tokyo Sky Tree tower was lit up red, white and blue in Trump’s honor.
Shortly after arriving at the airport to a red-carpet welcome, Trump attended a reception at the residence of U.S. Ambassador William Hagerty that the White House said included Japanese business executives from Toyota, Nissan, Honda, SoftBank and Rakuten.
Trump told the company officials there had never been a better time to invest in the United States and repeated a complaint that the Federal Reserve’s policies had kept U.S. economic growth from reaching its full potential.
-snip-
Trump urges greater Japanese investment in U.S., criticizes trade advantage
Jeff Mason
4 MIN READ
TOKYO (Reuters) - U.S. President Donald Trump urged Japanese business leaders on Saturday to increase their investment in the United States while he chided Japan for having a “substantial edge” on trade that negotiators were trying to even out in a bilateral deal.
Trump arrived in Japan on Saturday for a largely ceremonial state visit meant to showcase strong ties even though trade relations are problematical. In the evening, the Tokyo Sky Tree tower was lit up red, white and blue in Trump’s honor.
Shortly after arriving at the airport to a red-carpet welcome, Trump attended a reception at the residence of U.S. Ambassador William Hagerty that the White House said included Japanese business executives from Toyota, Nissan, Honda, SoftBank and Rakuten.
Trump told the company officials there had never been a better time to invest in the United States and repeated a complaint that the Federal Reserve’s policies had kept U.S. economic growth from reaching its full potential.
-snip-
Read more: https://www.reuters.com/article/us-japan-usa-investment/trump-urges-greater-japanese-investment-in-u-s-criticizes-trade-advantage-idUSKCN1SV08J
______________________________________________________________________
From an earlier Reuters article:
Trump declares some auto imports pose national security threat
-snip-
The unprecedented designation of foreign vehicles imported to the United States from some of its closest allies sparked anger from automakers, dealers and foreign governments after a White House document hinted it would seek voluntary export quotas on autos from U.S. trading partners.
Toyota Motor Corp, which said in March it is investing $13 billion in U.S. operations through 2021, called the designation “a major set-back for American consumers, workers and the auto industry” and said it sent the message “our investments are not welcomed.”
-snip-
-snip-
The unprecedented designation of foreign vehicles imported to the United States from some of its closest allies sparked anger from automakers, dealers and foreign governments after a White House document hinted it would seek voluntary export quotas on autos from U.S. trading partners.
Toyota Motor Corp, which said in March it is investing $13 billion in U.S. operations through 2021, called the designation “a major set-back for American consumers, workers and the auto industry” and said it sent the message “our investments are not welcomed.”
-snip-
Read more: https://www.reuters.com/article/us-autos-tariffs-usa/trump-declares-some-auto-imports-pose-national-security-threat-idUSKCN1SN1FY
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