President Donald Trump revealed at a Saturday night rally in Wisconsin that Japanese Prime Minister Shinzo Abe told him earlier that Japanese auto manufacturers are investing $40 billion in U.S. manufacturing facilities.
“Prime Minister Abe, we’re negotiating trade deals because every country has been ripping us off for years, and I really like the prime minister, he’s a friend of mine, but I said, ‘Mr. prime minister, we gotta do something’,” the president told the crowd of thousands. “For so many decades we’ve been losing tens of billions of dollars to China, and Japan, and Indiana, and name any country and we lost, but we’re not losing anymore.”
Abe has been meeting with President Trump this Friday and Saturday.
Trump recounted the conversation with Abe, “I said listen, we gotta do something. $68 billion in trade losses over the last four or five years, a year. So we’re renegotiating and I think he’ll be fair. I think he’ll be fair.”
“By the way, he started by saying he’s putting $40 billion into the United States for new car factories,” President Trump said, summarizing Abe’s commitment. “Toyota is coming in with $14 billion dollars. Many, many companies are coming in. And they’re coming in, frankly, to Michigan. They’re coming back, they want to be back, to Ohio, to Pennsylvania, to North Carolina, South Carolina, Florida, and what’s the name of this special place – it’s called Wisconsin.” – READ MORE