Japan PM Ishiba seeks to avert US tariffs after Trump meeting

Japanese Prime Minister Shigeru Ishiba expressed hope that Japan can avoid higher tariffs from the U.S. following his first meeting with President Donald Trump. Ishiba noted that Trump acknowledged Japan's significant investments in the U.S. and the jobs created by Japanese automakers. Although the leaders did not discuss auto tariffs specifically, Ishiba emphasized that Japan’s status as the largest foreign investor in the U.S. for five consecutive years sets it apart from other countries. With escalating trade tensions threatening the global economy, Ishiba believes that any tariffs imposed should benefit both nations. He also highlighted his optimism that the U.S. would not immediately resort to higher tariffs, considering the mutual benefits of Japan's investments. However, Trump reiterated his desire to address Japan's substantial trade surplus with the U.S.