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Trump and Abe agree to begin new trade and investment talks

Abe said that 70% of Japanese cars intended for the American market are produced in the US

Donald Trump
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Japanese Prime Minister Shinzo Abe (second from left) and US President Donald Trump attend a dinner at Mar-a-Lago Club in Palm Beach, Florida. Trump announced the executive order to the media while travelling to Florida. Photo: Reuters

Isabel ReynoldsMargaret TalevJennifer Jacobs
Japan and the US will begin new talks on trade and investment following President Donald Trump’s decision to withdraw from the Trans-Pacific Partnership, the two governments said in a statement after their leaders met in Washington on Friday.
 
The announcement came after Trump criticised Japan for what he said were “unfair” trade practices hampering US auto exports to the country. Japan had the second-largest trade surplus with the US last year, with the bulk of the difference due to trade in vehicles. Japanese Prime Minister Shinzo Abe has rejected the charge and underscored the fact that Japanese automakers in