- Will continue working with US to reach an agreement while defending national interest
- Aware of Trump’s comment on autos, will decline to talk about it
- Believes that understanding deepens each time talks are held
In case you missed it, Trump said that Japan is engaging in “unfair” trade with the US on autos and says that they should increase energy imports from the US to address the trade deficit. His full quote: “They won’t take our cars, and yet we take millions and millions of their cars into the US. It’s not fair, and I explained that to Japan, and they understand it. And we have a big deficit with Japan, and they understand that too. Now we have oil. They could take a lot of oil, they could take a lot of other things.”
This article was written by Justin Low at www.forexlive.com.