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Trump: Japan is ’Winning’ With Free Trade

Posted November 06, 2017

Under Economic Issues, International Trade Issues

(David Jackson – USA Today)

Starting his second day in Asia under under the cloud of another mass shooting in the United States, President Trump told business leaders in Japan that too many trade deals have benefited foreign partners at the expense of Americans.

“I have to say for the last many decades Japan has been winning — you do know that,” Trump told Japanese and American business leaders meeting Monday morning in Tokyo, Sunday night in the United States. [...]

In his meeting with Japanese and American business leaders, Trump said too many free trade deals have helped U.S. businesses move overseas, leaving behind newly unemployed Americans. He also complained about U.S. trade deficits — almost $70 billion annually with Japan — and said other countries need to open their markets to more American products like cars.

“We want free and reciprocal trade, but right now our trade with Japan is not free and it’s not reciprocal,” Trump said. “And I know it will be.” Click here to read more.

Related: Trump’s Opportunity in Asia (Project Syndicate)