Trump, Abe fail to agree on US tariff exemption for Japan
PALM BEACH, Fla. — President Donald Trump and Japanese Prime Minister Shinzo Abe said Wednesday they had failed to reach a deal that would exempt Japan from new U.S. steel and aluminum tariffs, as Abe had wanted.
Instead, the leaders announced they had agreed to start talks on a new “free, fair and reciprocal” trade agreement between the two countries following two days of talks.
“If we can come to an arrangement on a new deal, that would certainly be something we would discuss,” Trump said when asked about the tariffs during a joint press conference at his private Mar-a-Lago club.
But he said the current trade deficit between the two countries was too high to merit an exemption now. According to the U.S. Department of Commerce, the trade deficit was $56.1 billion last year.


