Pres. Trump comments
- Prepared to double defense spending by 2027
- Approved $1B in foreign military sales for Japan
- Discussed how our two nations can stay on the cutting edge of artificial intelligence
- Japan assumed beginning 40 new shipments of American liquefied natural gas
- We are going to work on trade deficit with Japan
- We can do it with just oil and gas
- Japan will be opening new auto plants
- Nissan is looking to make an “investment” in US Steel (I think he meant Nippon Steel not Nissan)
Japan PM Ishida comments:
- Confirmed that Japan will increase exports on US natural gas to Japan
- Japan and US work toward the denuclearization of North Korea.
- Calls relationship a new “Golden Age” between the countries.
Q&A
- US pays more per pupil but are dead last on education
- Want to see education go back to the states.
- Want our military to be the strongest
- We are going to have the strongest military by far.
- We will meet on reciprocal tariffs on Monday or Tuesday. Have an announcement/news conference vs a flat fee tariff.
- Ishiba
This article was written by Greg Michalowski at www.forexlive.com.
