The Japan Times - Trump in Japan as hopes grow for China trade deal

EUR -
AED 4.048988
AFN 71.653352
ALL 90.233152
AMD 397.442801
ANG 1.973656
AOA 1011.960474
ARS 1704.382464
AUD 1.628051
AWG 1.984235
AZN 1.878376
BAM 1.951036
BBD 2.220877
BDT 137.145087
BGN 1.95499
BHD 0.415753
BIF 3312.570815
BMD 1.102353
BND 1.419813
BOB 12.873388
BRL 6.246268
BSD 1.102607
BTN 103.857962
BWP 15.412153
BYN 3.303388
BYR 21606.119128
BZD 2.217684
CAD 1.573224
CDF 2551.947633
CHF 0.924565
CLF 0.027875
CLP 1097.084206
CNY 7.354624
CNH 7.358449
COP 3659.778945
CRC 494.093407
CUC 1.102353
CUP 26.463016
CVE 110.401089
CZK 24.405329
DJF 195.910612
DKK 7.476493
DOP 66.917109
DZD 151.273137
EGP 58.978161
ERN 16.535295
ETB 177.534385
FJD 2.483877
FKP 0.834353
GBP 0.834294
GEL 2.855525
GGP 0.834353
GHS 12.925133
GIP 0.834353
GMD 81.574515
GNF 9764.096088
GTQ 8.429301
GYD 230.683524
HKD 8.648676
HNL 29.708842
HRK 7.531237
HTG 144.594927
HUF 364.882711
IDR 20101.848202
ILS 3.545943
IMP 0.834353
INR 103.905536
IQD 1668.962467
IRR 2109614.310597
ISK 136.615035
JEP 0.834353
JMD 174.224538
JOD 0.781612
JPY 176.073379
KES 143.361434
KGS 96.384792
KHR 4497.600695
KMF 492.752185
KPW 992.118101
KRW 1473.366503
KWD 0.34335
KYD 0.918844
KZT 491.483094
LAK 24836.013852
LBP 98715.713034
LKR 366.73942
LRD 187.400397
LSL 18.663257
LTL 3.254962
LVL 0.666803
LYD 7.104708
MAD 10.981314
MDL 20.028816
MGA 5059.800729
MKD 61.545168
MMK 2314.774623
MNT 3973.283421
MOP 8.911016
MRU 44.759659
MUR 52.494468
MVR 16.980358
MWK 1913.685217
MXN 20.433771
MYR 4.504329
MZN 70.444469
NAD 18.663252
NGN 1481.088858
NIO 40.570694
NOK 10.552253
NPR 166.167676
NZD 1.994849
OMR 0.424561
PAB 1.102607
PEN 3.75135
PGK 4.97327
PHP 70.506912
PKR 304.914924
PLN 4.405592
PYG 6843.288459
QAR 4.01725
RON 5.348511
RSD 117.465677
RUB 91.30685
RWF 1627.073053
SAR 4.160787
SBD 8.926521
SCR 15.372648
SDG 663.069392
SEK 11.106249
SGD 1.418953
SHP 0.830054
SLE 25.409646
SLL 23115.795624
SOS 631.101139
SRD 41.327623
STD 22816.481805
STN 24.472237
SVC 9.648438
SYP 14332.794295
SZL 18.663243
THB 37.34225
TJS 10.171722
TMT 3.858236
TND 3.316433
TOP 2.654202
TRY 55.49477
TTD 7.484722
TWD 36.257938
TZS 2920.045358
UAH 50.132575
UGX 4553.879273
USD 1.102353
UYU 44.690863
UZS 13271.228337
VES 1006.315196
VND 28358.582532
VUV 132.985681
WST 3.098252
XAF 655.957
XAG 0.022553
XAU 0.000284217451
XCD 2.979165
XCG 1.987211
XDR 0.779421
XOF 655.957
XPF 119.331742
YER 260.762006
ZAR 18.713826
ZMK 9922.503926
ZMW 22.543641
ZWL 354.957222
SSP 6555.09164
MXV 2.294737
  • RYCEF

    0.1000

    19.81

    +0.5%

  • VOD

    -0.2500

    16.33

    -1.53%

  • CMSC

    -0.2800

    20.12

    -1.39%

  • RBGPF

    -2.0000

    65

    -3.08%

  • RIO

    -0.2500

    94.16

    -0.27%

  • BTI

    -1.2000

    54.85

    -2.19%

  • NGG

    -0.3000

    74.94

    -0.4%

  • GSK

    -0.3500

    49.35

    -0.71%

  • BCE

    -0.4200

    20.14

    -2.09%

  • CMSD

    -0.3400

    19.93

    -1.71%

  • BP

    -0.9100

    43.52

    -2.09%

  • RELX

    0.1700

    33.24

    +0.51%

  • BCC

    -0.6200

    75.97

    -0.82%

  • AZN

    -1.9400

    164.21

    -1.18%

  • JRI

    0.0000

    10.77

    0%

Trump in Japan as hopes grow for China trade deal
Trump in Japan as hopes grow for China trade deal / Photo: ANDREW CABALLERO-REYNOLDS - AFP

Trump in Japan as hopes grow for China trade deal

Donald Trump arrived in Japan on Monday, the next leg of an Asia tour that could see the US president and China's Xi Jinping end their bruising trade war.

Text size:

Speaking on Air Force One, Trump said he was hopeful of a deal when he sees Xi on Thursday in South Korea, while also indicating he was willing to extend his trip in order to meet North Korean leader Kim Jong Un.

"I have a lot of respect for President Xi and we are going to I think... come away with a deal," Trump told reporters en route from Malaysia, where comments from US and Chinese trade negotiators raised hopes of an accord.

Dozens of people gathered at Haneda Airport hoping to take photos of Air Force One as it landed.

Trump was due in Tokyo in time for an evening audience with Japan's emperor.

On Tuesday, Trump is expected to meet new Prime Minister Sanae Takaichi and make a speech on the USS George Washington.

"I hear phenomenal things. (Takaichi) was a great ally and friend of Shinzo Abe, who was my friend," Trump said, referring to the assassinated former Japanese premier.

"That really helps Japan and the United States, I think she's going to be great."

Takaichi said she told Trump ahead of their meeting that strengthening the Japan-US alliance was her administration's "top priority on the diplomatic and security front".

On Friday, she announced in her first policy speech that Japan would be spending two percent of gross domestic product on defence this fiscal year.

But Washington, which has around 60,000 military personnel in Japan, wants Tokyo to spend even more, potentially matching the five percent of GDP pledged by NATO members in June.

Most Japanese imports into the United States are subject to tariffs of 15 percent, less painful than the 25 percent first threatened.

But Trump also wants Japan to import more American products, including rice and cars, particularly "very beautiful" Ford F-150 pickup trucks.

Questions also surround Japan's commitment to invest $550 billion in the United States, as specified in their July trade deal. Japan says only 1-2 percent of this will be actual investments.

- 'Going to be great ' -

Trump's Asia trip, his first tour of the region since returning to office, kicked off in Malaysia on Sunday with a flurry of agreements.

That included rewarding neighbours Cambodia and Thailand with trade agreements after co-signing their ceasefire pact on the sidelines of the Association of Southeast Asian Nations (ASEAN) summit.

He also agreed a trade and minerals deal with Malaysia, and moved to mend fences with Brazilian President Luiz Inacio Lula da Silva.

The greatest prize for Trump however, remains a China deal.

He is due to meet Xi on Thursday for their first face-to-face talks since the 79-year-old Republican's return to the White House.

Before Trump's arrival in Malaysia, US Treasury Secretary Scott Bessent and China's Vice Premier He Lifeng had already held two days of trade talks, seeking an agreement to avoid additional 100 percent tariffs due to come into effect on November 1.

China's vice commerce minister, Li Chenggang, said a "preliminary consensus" had been reached.

Bessent told ABC the extra tariffs had been averted, and signalled a deal on rare earths and American soybean exports had been reached.

"It's going to be great for China, great for us," Trump told reporters in Kuala Lumpur.

- 'Would love' to meet Kim -

Trump is due in the southern port city of Busan on Wednesday ahead of the Asia-Pacific Economic Cooperation (APEC) summit, and will meet South Korean President Lee Jae Myung.

Global markets will be watching closely to see if Thursday's meeting with Xi can halt the trade war sparked by Trump's sweeping tariffs, especially after a recent dispute over Beijing's rare earth curbs.

Trump has also fuelled speculation that he could meet North Korea's Kim while on the Korean peninsula.

"I would love to meet with him if he'd like to meet. I got along great with Kim Jong Un. I liked him. He liked me," Trump said on Air Force One.

Asked if he would extend his trip to enable a meeting, he said: "Well, I hadn't thought of it, but I think the answer would be yeah, I would, I would do that, sure."

Y.Ishikawa--JT