U.S. President Donald Trump said Monday he expects to get the trade gap with Japan “straightened out rapidly,” adding that announcements on that could come as soon as August ,” U.S. President said according to Reuters.
Trump was speaking ahead of his meeting with Japanese Prime Minister Shinzo Abe in Tokyo, as the American president embarked on a state visit amid looming trade issues between the two countries.
According to the U.S. Trade Representative, the U.S. had a deficit of $56.8 billion in goods and services with Japan in 2018.
The president’s state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.
Meanwhile, Trump’s state visit to Japan has been marked with pomp and ceremony, with the U.S. president meeting Japan’s new Emperor Naruhito and Empress Masako on Monday — making him the first foreign dignitary to be received by the monarch since he inherited the throne earlier this month.