Economy

Donald Trump Tells Japanese Automakers To Make Cars In US (They Do)

Donald Trump Tells Japanese Automakers To Make Cars In US (They Do)”

Nissan (NSANF) says that it sold 1.5 million vehicles in the US last year, and made 1 million in the country - although some of those were for export.

"We want free and reciprocal trade, but right now our trade with Japan is not free and it's not reciprocal and I know it will be and we've started the process", Trump added.

By and large, however, American policy makers were reluctant to make trade an issue because of Japan's strategic importance during conflicts in Korea and Vietnam and the long Cold War with the Soviet Union.

Trump urged corporate Japan to invest even more in the U.S. But he stood by his refusal to return to the Trans-Pacific Partnership trade and investment pact, which his administration has said America is leaving. "That's not too much to ask", Trump urged during an appearance before Japanese business executives. "Is that rude to ask?" he said.

"For nearly 60 years, the military alliance we see on this base has endured a cornerstone of sovereignty, security and prosperity for our nations, this region and indeed, the entire world", Trump told the audience.

Trump has made reducing the $57 billion trade deficit with Japan a top priority.

Trump and his aides have repeatedly trumpeted the president's friendship with Japanese Prime Minister Shinzo Abe, which began in February when the Japanese leader visited Mar-a-Lago, Trump's private club in Florida.

The Japan Automobile Manufacturers Association, which represents Japanese cars manufacturers like Honda, Toyota, Nissan, Subaru and Mitsubishi, declined a request for comment on Trump's remarks in Tokyo. He has also emphasised how Japanese companies are creating jobs in the US. In fact, about 75 percent of Japanese branded cars sold in North America are also manufactured within the continent. "I think not, O.K.?" he said.

Toyota spokeswoman Akiko Kita declined to comment on Trump's speech. Rather than building cars overseas and importing them, they're building cars here, creating jobs for American workers. Japanese companies now employ around 850,000 USA workers - a number Trump is hoping to grow - with carmakers like Toyota and Honda already having sizable plants in the US.

Trump's talk with troops at Yokota Air Base was the first presidential engagement of its kind to happen at Yokota Air Base.

President Donald Trump asked Monday that Japanese automakers consider making vehicles on American soil, apparently unaware they've been doing that for decades.



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