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TOKYO, forum.pinoo.com.tr Feb 9 (Reuters) - Japanese Prime Minister Shigeru Ishiba revealed optimism on Sunday that his country could avoid higher U.S. tariffs, stating President Donald Trump had "acknowledged" Japan's substantial financial investment in the U.S. and wiki.dulovic.tech the American jobs that it produces.

At his first White House top on Friday, Ishiba told public broadcaster NHK, he explained to Trump how numerous Japanese automakers were creating tasks in the United States.

The 2 did not specifically talk about auto tariffs, Ishiba said, although he said he did not understand whether Japan would go through the reciprocal tariffs that Trump has actually said he plans to impose on imports.

Tokyo has up until now got away the trade war Trump released in his first weeks in office. He has revealed tariffs on products from Canada, Mexico and China, although he postponed the 25% duties on his North American neighbours to enable talks.

The escalating trade tensions since Trump went back to the White House on January 20 threaten to rupture the worldwide economy.

Ishiba said he thinks Trump "identified the truth Japan has actually been the world's biggest financier in the United States for five straight years, and is for that reason various from other nations."

"Japan is producing lots of U.S. tasks. I believe (Washington) won't go straight to the idea of greater tariffs," he said.

Ishiba voiced optimism that Japan and the U.S. can avoid a tit-for-tat tariff war, stressing that tariffs need to be put in location in such a way that "advantages both sides".

"Any action that exploits or excludes the opposite won't last," Ishiba said. "The question is whether there is any problem between Japan and the United States that warrants imposing greater tariffs," he included.

Japan had the greatest foreign direct investment in the United States in 2023 at $783.3 billion, followed by Canada and galgbtqhistoryproject.org Germany, according to the most current U.S. Commerce Department information.

Trump pressed Ishiba to close Japan's $68.5 billion yearly trade surplus with Washington however revealed optimism this might be done rapidly, offered a promise by Ishiba to bring Japanese financial investment in the U.S. to $1 trillion.

On Sunday, Ishiba identified liquefied natural gas, archmageriseswiki.com steel, AI and vehicles as areas that Japanese business might purchase.

He also touched on Trump's pledge to look at Nippon Steel investing in U.S. Steel, as opposed to buying the storied American business - a planned purchase opposed by Trump and blocked by his predecessor, Joe Biden.

"Investment is being made to make sure that it remains an American business. It will continue to operate under American management, with American workers," Ishiba said. "The crucial point is how to ensure it remains an American business. From President Trump's viewpoint, this is of utmost importance."

On military spending, gratisafhalen.be another location where Trump has pushed allies for increases, Ishiba said Japan would not increase its defence budget plan without very first winning public . "It is essential to guarantee that what is considered needed is something the taxpayers can understand and support," he said. (Reporting by Leika Kihara: Additional reporting by Tim Kelly