U.S. President Donald Trump pressed Japanese Prime Minister Shinzo Abe to have Japanese automakers produce more vehicles in the United States, according to a readout of their recent meeting provided by the U.S. ambassador to Japan on Saturday. The two discussed recent public announcements by Japanese car makers, including Toyota Motor Corp’s decision to invest more in U.S. plants.
“We talked about the need to see more movement in that direction but I think the president feels very positive that we will see such movement because all the economics support that,” said Ambassador William Hagerty.
Trump told a campaign rally in Green Bay, Wisconsin, on Saturday that Abe said Japan would invest $40 billion in U.S. car factories, though Trump did not give details on the timeline for the planned investments.
Toyota, Japan’s largest automaker, said last month it would exceed a 2017 pledge to invest $10 billion over five years with a new commitment to reach nearly $13 billion over that period.
Trump has prodded Japanese automakers to add more jobs in the United States as the White House threatens to impose tariffs of up to 25 percent on imported vehicles, on the grounds of national security.
Source - Reuters
