Prior to the signing of an executive order to pull the United States out of the Trans-Pacific Partnership trade deal on Monday morning, U.S. President Donald Trump met with executives of major U.S. companies, including Ford Motor Co., at the White House and criticized Japan and China as unfair trade partners.
“If as an example, we sell a car into Japan and they do things to us that make it impossible to sell cars in Japan, and yet they sell cars into us, and they come in like by the hundreds of thousands on the biggest ships I’ve ever seen, we have to all talk about that,” Trump said. “It’s not fair. It’s not fair. Never was. I just can’t believe it took so long for somebody to come along.”
This is the first time Trump has criticized Japan by name since he took office.
The president’s comments are likely to cause a backlash, since Japan does not have any arbitrary system that works against U.S. car makers when they sell vehicles in Japan.
Trump also emphasized plans to use drastic deregulation to develop the business environment. “We think we can cut regulations by 75 percent,” he said.
The president gave a warning to companies that produce goods outside of the United States and sell the products in his country. “If that happens, we are going to be imposing a very major border tax on the product when it comes in, which I think is fair,” he said