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Trump Says Japan And US Are 'Getting Close' To Trade Deal

President Trump and Abe will meet Monday to address the U.S.'s $67.6 billion trade deficit with Japan.
Posted at 11:01 AM, May 26, 2019
and last updated 2019-05-26 11:01:15-04

President Donald Trump had the first full day of his visit to Japan on Sunday. He's the first foreign leader to visit since the country inaugurated a new emperor at the end of April.

President Trump said at a dinner with Japanese Prime Minister Abe Shinzō, "The Prime Minister and I talked a lot today about trade and military and various other things. I think we had a very productive day."

President Trump says Japan and the U.S. are "getting close" to a deal that would address the U.S.'s trade deficit with Japan. According to U.S. figures from last year, there's a $67.6 billion trade imbalance in Japan's favor. 

The commander-in-chief told Japanese business leaders, "I would say that Japan has had a substantial edge for many, many years. But that's okay. Maybe that's why you like us so much. But we'll get it a little bit more fair, I think. I think we'll do that."

But Japan's economy minister said he doesn't expect a deal to be made during this trip. Abe and President Trump will hold a summit on Monday to negotiate trade.

Additional reporting from Newsy affiliate CNN.