How To Fix The Trade Deficit With Japan? For Donald Trump Automakers Play A Big Role
U.S. President Donald Trump  perplexed a gathering of business leaders in Tokyo this Monday with remarks about Japanese cars that metaphorically went off the road.  He  complained that American cars don't sell in Japan -- which is true -- and then touched upon the trade deficit between the two countries ($69 billion).  Trump 's solution? The Japanese automobile industry should make their cars in the U.S.
âTry building your cars in the United States instead of shipping them over. Thatâs not too much to ask "  Trump  said. "Is that rude to ask?â
UPDATE:  Trump 's complete remarks to Japan's automakers  found below  show that the U.S. President is fully aware of this fact.
But  Trump  has made statements about the Japanese auto industry that were off-base and damaging before. This January  Toyota shares temporarily lost nearly $1.2 billion in value after  Trump  tweeted that  he  wouldn't let them move their factories to Mexico.
Correction: The original headline of this article  as well as parts of the piece  were also updated to reflect the full scope of U.S. President Donald Trump's remarks.
[TGT] perplexed a gathering of business leaders in Tokyo this Monday with remarks about Japanese cars that metaphorically went off the road.   [TGT]   complained that American cars don't sell in Japan -- which is true -- and then touched upon the trade deficit between the two countries ($69 billion).   [TGT]  's solution? The Japanese automobile industry should make their cars in the U.S.
âTry building your cars in the United States instead of shipping them over. Thatâs not too much to ask  [TGT] said. "Is that rude to ask?â
UPDATE:   [TGT]  's complete remarks to Japan's automakers  found below  show that the U.S. President is fully aware of this fact.
But   [TGT] has made statements about the Japanese auto industry that were off-base and damaging before. This January  Toyota shares temporarily lost nearly $1.2 billion in value after   [TGT]   tweeted that   [TGT]   wouldn't let them move their factories to Mexico.
Correction: The original headline of this article  as well as parts of the piece  were also updated to reflect the full scope of U.S. President Donald Trump's remarks.