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18 July
Thursday

World

Trump to make Japan produce more cars for the USA

Total investment will be about 40 billion dollars

Photo: Reuters

/NOVOSTIVL/ U.S. President Donald Trump pressed Prime Minister Shinzo Abe to have Japanese automakers produce more vehicles in the United States, according to a readout of their recent meeting provided by the U.S. ambassador to Japan on Saturday. This article appeared in The Japan Times.

Trump told a campaign rally in Green Bay, Wisconsin, on Saturday that Abe said Japan would invest $40 billion in U.S. car factories, though Trump did not give details on the timeline for the planned investments.

Toyota, Japan’s largest automaker, said last month it would exceed a 2017 pledge to invest $10 billion over five years with a new commitment to reach nearly $13 billion over that period.

Trump has prodded Japanese automakers to add more jobs in the United States as the White House threatens to impose tariffs of up to 25 percent on imported vehicles, on the grounds of national security.

D. Trump on Friday said 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 Abe cited areas where they differ on trade.

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