Trump: US trade deficit with China “has to come down”
Days before arriving in Beijing for meetings with Chinese President Xi Jinping, President Trump said the US trade deficit with China “has to come down.”
“The problem we have with China is…it’s been a very unfair trade situation. Our trade deficit is massive. It’s hundreds of billions of dollars a year,” Trump said at a joint news conference in Tokyo alongside the Japanese Prime Minister Shinzo Abe. “It has to come down. It has to come down.”
Trump promised to take more action to level the commercial playing field for US companies and push back against unfair trading practices and said he has already set the “legal foundation” for new trade actions.
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Trump and Abe talk about shooting North Korean missiles out of the sky
President Donald Trump advocated for a more militaristic Japan on Monday, saying Tokyo should begin purchasing American-made military equipment to better protect itself against threats from North Korea.
Responding to a question to Abe about Japan’s capability to intercept North Korean missiles as they cross over its territory, Trump said Abe “will shoot them out of the sky when he completes the purchase of new US military equipment.”
“The Prime Minister of Japan is going to be purchasing massive amounts of military equipment, as he should,” Trump said.
Abe responded by saying his government already buys a lot of military equipment from the US, but agreed with Trump the country needs “to enhance our defense capability.”
“Missile defense is something based on cooperation between Japan and the US,” he said, adding “if it is necessary” to shoot down a missile “of course we will do that.”