The Resistance New
February 7, 2017
Japan’s leader Abe is meeting Trump this Friday, the first time an Asia Pacific leader has met Trump since Trump killed the Trans Pacific trade deal, TPP. On trade, currently there are many efforts to get a multi lateral deal, other are also looking at bilateral deals.Trump is also highly critical of international trade however, and is pursuing a policy of economic nationalism, leading to citations of such issues as import tax & currency wars that have hurt America.
On Asia Pacific, earlier, Trump got into a phone call conflict with Australia’s leader, where many in Australia have come out and voiced that Australia should not be a “Follower” to America, where Japan is a close ally to Australia, for example, is building about six submarines for Australia. Some American soldiers are stationed in Australia and Japan is a major military staging point for America.
The Wall Street Journal reported the following (to read more from The Wall Street Journal see here)
“TOKYO—Prime Minister Shinzo Abe plans to offer a vision for greater Japanese investment in the U.S. when meeting President Donald Trump in Washington on Friday, seeking to counter the president’s criticism about trade, Japanese officials said.
Mr. Abe’s five-pronged program, titled “U.S.-Japan Growth and Employment Initiative,” says the two nations could work together to generate 700,000 jobs in the U.S. and create new markets worth $450 billion over the next decade, the officials said. The program doesn’t detail how those numbers could be reached through specific projects or corporate investments. Since his inauguration on Jan. 20, Mr. Trump has criticized Japan several times. He suggested that Tokyo does “things to us that make it impossible to sell cars in Japan” and described Tokyo’s monetary policy as an unfair way to devalue the yen and make business easier for Japanese exporters.