The trade talks are aimed at finding ways to address Tokyo’s $69 billion trade surplus with the United States.
On Friday, Japan’s Economy Minister Toshimitsu Motegi disclosed, Tokyo and Washington are slated to hold their first round of trade talks on April 15-16 in Washington.
The purpose of the trade talks is to find ways to address U.S. concerns over the large surplus Japan enjoys in bilateral trade.
U.S. President Donald Trump said, he is very unhappy with Japan’s $69 billion trade surplus with the United States and wants a two-way agreement to address it.
Motegi said he intends exchange views frankly with his counterpart U.S. Trade Representative Robert Lighthizer and hold good talks based on Japan’s national interests.
Incidentally, Japanese Prime Minister Shinzo Abe is scheduled to meet Trump in the United States in late April for talks on North Korea and Japan-U.S. trade.