In the meeting held on May 4, 2019, U.S. President Donald Trump urged Japan Prime Minster Shinzo Abe to manufacture more automobiles in the U.S. Abe and Trump declared that Toyota Motor Corp. and other Japanese automobile manufacturers are about to capitalize the U.S. automobile industry.
The United States Ambassador to Japan William Hagerty said that he and President Trump discussed the Trade Agreement on Goods (TAG). As a result of this agreement, the Ambassador expects to see more growth for the U.S. Further, Trump feels this decision will support the economy of the U.S. very well.
On Saturday, in a campaign rally held in Winconsin, President Trump announced that the Prime Minister of Japan is planning to invest US$40bn in the U.S. automobile industry. Besides this, Trump did not disclose any information regarding the capitalization.
Trump Plans to Bring Employment through the Deal
The U.S. President Donald Trump encouraged Japanese automobile industry to bring jobs to the U.S. And if they fail, then on basis national security the White House will impose 25% fine on imported automobile. Additionally, on May 3, 2019, he said that Japan and the U.S. would come into new bilateral deals during his Tokyo visits. Also, he added that they have recognized domain where they conflict in terms of trades.
The U.S. Ambassador to Japan William Hagerty said they want to ensure that the trading agreement is more beneficial than any other nation. The two governments are making joint decision on removing oil imports from Iran. The Ambassador said that they both want to see Iran changing its way that is more peaceful for the future.
To conclude, Japan wants to bring its foreign policy on the table with the U.S. Moreover, Abe publicly has backed Trump’s initiative to make peace with North Korea.