Ishiba says no talk with Trump on automobile tariffs at summit

Trump identifies Japan's US huge investment, oke.zone job creation

LNG, steel, AI and autos are locations Japan can buy US

Nippon Steel will run under US management, personnel

Japan will not raise defence spending without public assistance

TOKYO, Feb 9 (Reuters) - Japanese Prime Minister Shigeru Ishiba revealed optimism on Sunday that his country could avoid higher U.S. tariffs, photorum.eclat-mauve.fr saying President Donald Trump had actually "recognised" Japan's substantial financial in the U.S. and the American jobs that it produces.

At his first White House summit on Friday, Ishiba told public broadcaster NHK, he explained to Trump how lots of Japanese car manufacturers were producing jobs in the United States.

The 2 did not specifically go over car tariffs, Ishiba said, although he said he did not understand whether Japan would undergo the reciprocal tariffs that Trump has actually said he plans to impose on imports.

Tokyo has so far left the trade war Trump released in his first weeks in office. He has actually announced tariffs on items from Canada, Mexico and China, although he delayed the 25% tasks on his North American neighbours to permit talks.

The escalating trade tensions considering that Trump went back to the White House on January 20 threaten to rupture the international economy.

Ishiba said he believes Trump "acknowledged the truth Japan has been the world's largest investor in the United States for 5 straight years, and is for that reason different from other countries."

"Japan is creating numerous U.S. tasks. I believe (Washington) will not go straight to the concept of higher tariffs," he said.

Ishiba voiced optimism that Japan and the U.S. can avoid a tit-for-tat tariff war, worrying that tariffs must be put in place in a way that "advantages both sides".

"Any action that makes use of or excludes the other side won't last," Ishiba said. "The concern is whether there is any problem between Japan and the United States that necessitates imposing higher tariffs," he included.

Japan had the highest foreign direct investment in the United States in 2023 at $783.3 billion, followed by Canada and Germany, timeoftheworld.date according to the most current U.S. Commerce Department information.

Trump pressed Ishiba to close Japan's $68.5 billion annual trade surplus with Washington but revealed optimism this might be done rapidly, wiki.philipphudek.de provided a pledge by Ishiba to bring Japanese investment in the U.S. to $1 trillion.

On Sunday, Ishiba recognized melted gas, wiki.insidertoday.org steel, AI and cars as locations that Japanese business might buy.

He likewise discussed Trump's promise to take a look at Nippon Steel purchasing U.S. Steel, asteroidsathome.net rather than purchasing the storied American company - a prepared purchase opposed by Trump and obstructed by his predecessor, Joe Biden.

"Investment is being made to make sure that it remains an American business. It will continue to run under American management, with American staff members," Ishiba said. "The crucial point is how to guarantee it remains an American business. From President Trump's point of view, this is of utmost significance."

On military costs, another location where Trump has actually pushed allies for boosts, Ishiba said Japan would not increase its defence budget plan without very first winning public backing. "It is important to ensure that what is deemed necessary is something the taxpayers can comprehend and support," he said. (Reporting by Leika Kihara: Additional reporting by Tim Kelly; Editing by William Mallard)