Trump sees possibility of trade deal with Japan by next month

Published April 28, 2019
Shinzo Abe’s visit, which is to include a round of golf on Saturday with Trump, is to set the stage for a trip to Japan that Trump is taking in late May to celebrate Crown Prince Naruhito’s becoming the new emperor of Japan. ─ AFP/File
Shinzo Abe’s visit, which is to include a round of golf on Saturday with Trump, is to set the stage for a trip to Japan that Trump is taking in late May to celebrate Crown Prince Naruhito’s becoming the new emperor of Japan. ─ AFP/File

WASHINGTON: President Donald Trump said on Friday it is possible that the United States and Japan could reach a new bilateral trade deal by the time he visits Tokyo in May, but he and Japanese Prime Minister Shinzo Abe cited areas where they differ on trade.

Trump and Abe held one-on-one talks in the Oval Office prior to a White House dinner to celebrate the birthday of Trump’s wife, Melania. While making progress in negotiations with China on a new trade deal, Trump made clear he wants to seal a new agreement with Japan soon as well.

Abe’s visit, which is to include a round of golf on Saturday with Trump, is to set the stage for a trip to Japan that Trump is taking in late May to celebrate Crown Prince Naruhito’s becoming the new emperor of Japan.

Trump announced that he and Abe may take in a sumo wrestling match during the trip to Tokyo.

Naruhito is set to become Japan’s emperor on May 1. He will assume the throne after his father, Emperor Akihito, abdicates on April 30.

Trump said negotiators for the United States and Japan are making progress in his drive to rebalance their trade relationship in a way that reduces chronic US trade deficits with Japan.

“I think it can go fairly quickly. Maybe by the time I’m over there. Maybe we sign it over there. But it’s moving along very nicely and we’ll see what happens,” Trump said about the trade deal.

Published in Dawn, April 24th, 2019

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Editorial

Under siege
03 May, 2024

Under siege

JOURNALISTS across the world are facing unprecedented threats — from legal and economic pressure to outright...
Meddlesome ways
03 May, 2024

Meddlesome ways

AFTER this week’s proceedings in the so-called ‘meddling case’, it appears that the majority of judges...
Mass transit mess
03 May, 2024

Mass transit mess

THAT Karachi — one of the world’s largest megacities — does not have a mass transit system worth the name is ...
Punishing evaders
02 May, 2024

Punishing evaders

THE FBR’s decision to block mobile phone connections of more than half a million individuals who did not file...
Engaging Riyadh
Updated 02 May, 2024

Engaging Riyadh

It must be stressed that to pull in maximum foreign investment, a climate of domestic political stability is crucial.
Freedom to question
02 May, 2024

Freedom to question

WITH frequently suspended freedoms, increasing violence and few to speak out for the oppressed, it is unlikely that...