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“It’s not tariffs, it’s an investment,” Isba told reporters after the meeting. He said Japan’s position to continue pushing Washington to drop all recent tariff measures remains unchanged, and he plans to push for Japan’s investment and create more jobs in the US.
The two leaders headed to Washington for a third round meeting with Japanese counterparts, Minister of Economic Revitalization, Minister of Economic Revitalization, for Japan’s chief tariff negotiator. In previous rounds of consultations, the US had not agreed to Japan’s demands.
Isba said the Japanese administration reminded Trump that it was to scrap all recent tariffs on imports from Japan.
“We expressed our hopes for a productive discussion to take place and we agree,” Isba told reporters.
The US is the mainstay of automobile imports, Japan’s trade with the US, and charges 25% tariffs on key factors in economic growth. Trump has eased some of these tariffs, but maintains higher tariffs on steel and aluminum.
Friday’s talks were called on by Trump, and the two leaders discussed the scope of the topic for about 45 minutes, including security cooperation between the two allies and the US president’s recent visit to the Middle East, Isba said.
He said he agreed to hold a meeting when the two leaders attend groups at seven Canadian summits next month.
