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
Trump:
- 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.
- Exciting talks with Ishiba about pipeline in Alaska
- Social Security will not be touched, will only be strengthened
- We have illegal immigrants on Social Security who will be taken out.
Ishiba:
- Both countries need to play our role
- Japan on our own responsibility need to increase our defense. The decision is with Japan
- If it is mutually beneficial, tariffs need to be set.
- $1T investment in the US will be a benefit to the US but also to Japan as well.
- Nippon Steel is not a acquisition, it is an investlment (US Steel shares are down -$2.30 or -5.89% at $37.00)
- Pres. Trump has restarted the importing of LNG. We are interesting in buying Ethanol and Ammonia. It is a a a a the CHF Sophie a and 21 and lowery then the following versus five
This article was written by Greg Michalowski at www.forexlive.com.
