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Japan responds to Donald Trump's trade pressure

30 Jan 2017
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Japan responds to Donald Trump's trade pressure

It didn't took look for Japan to give an answer to the intensifying trade pressure from US President Donald Trump with Prime Minister Shinzo Abe rumored to be meeting the head of Toyota Motor Corp this week and business lobby Keidanren setting up a Trump task force. On February 10 he will visit Washington in order to discuss the issue with the US leader, and we expect them to find a solution towards the trade deal between the countries, and of course the automotive sector.

 


 

Ahead of those talks, Abe will meet with Toyota Chief Executive Akio Toyoda. One of them said the meeting would take place on Friday. A spokesman for Abe denied the reports, telling a news conference he was not aware of any meeting between the two having been scheduled.In a phone call with Abe on Saturday, Trump reiterated his pledge to create jobs in the United States and asked that the Japanese auto industry contribute.

 

 

The two leaders discussed the automotive industry, senior government spokesman Koichi Hagiuda told reporters after the phone call, without giving details. Abe has left open the door to discussing a free trade agreement (FTA) with the United States but some officials worry Japan would have little to gain while coming under intense pressure from Washington. Bilateral talks on specific sectors such as autos, however, are an option, officials have said.

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