Trump, Japan's Ishiba meet at White House

U.S. President Donald Trump hosted Japanese Prime Minister Shigeru Ishiba at the White House marking their first face-to-face meeting. The leaders discussed trade relations, security concerns, and potential Japanese investments in the United States.

During the meeting, Trump emphasized his desire to reduce the $68 billion U.S. trade deficit with Japan. While not ruling out potential tariffs, he expressed optimism about resolving trade issues without punitive measures, stating that both nations seek fairness in their economic relationship.

A significant development emerged regarding Nippon Steel's previously planned $14.1 billion acquisition of U.S. Steel, which had been blocked by former President Biden citing national security concerns. Trump announced that instead of a purchase, Nippon Steel would make an investment, offering to mediate negotiations between the companies.

Ishiba highlighted Japan's position as the leading foreign direct investor in the U.S. over the past five years and outlined plans for increased Japanese investment, including initiatives from Toyota and Isuzu. He emphasized Japan's commitment to working alongside the United States to promote global peace.

The Japanese Prime Minister notably commented on Trump's survival of an assassination attempt in July 2024, praising his "undaunted presence" and suggesting this event convinced him of Trump's eventual victory in the November presidential election. Ishiba also shared candid remarks about his initial impressions of Trump, noting the contrast between the president's television persona and his "very sincere" demeanor during their meeting.

The leaders also addressed security concerns regarding North Korea, with Trump expressing his intention to rebuild relations with North Korean leader Kim Jong Un. The meeting reflected both nations' interest in strengthening bilateral ties while addressing trade imbalances and security challenges in the region.