Former President Donald Trump has arrived in Japan for talks with the newly appointed Prime Minister Sanae Takaichi. The visit marks Takaichi’s attempt to build a personal bond with Trump to help ease trade tensions — and at the heart of that plan could be vehicles from Ford Motor Company (NYSE:F).
Trump says Japan’s new prime minister has ‘good taste’
The Japanese government has proposed a fleet of Ford F-150 trucks as a gesture to strengthen ties, despite concerns about their practicality on the narrow streets of Tokyo. Trump expressed enthusiasm for the idea, saying, “She has good taste,” while en route to Asia on Air Force One. reported Japan today. He said, “That’s a hot truck.”
Takaichi, Japan’s first female leader, came to power last week and is backed by a fragile coalition. She emphasized her connection with the late Prime Minister Shinzo Abea favorite of Trump, and praised Trump for his role in brokering a ceasefire in Gaza.
“I thought (Trump) was a very cheerful and fun person,” Takaichi said of Trump.
Japan navigates complex trade deal with Trump
As Trump prepares to meet with the Chinese leader Xi Jinping in South Korea, Japan is trying to navigate complex trade relations and limit Chinese production ambitions. Japan’s previous government agreed to invest $550 billion in the US, which led to Trump cutting tariffs on Japanese goods.
Related: Ford pauses production of the best-selling EV pickup in the US: Here’s what the company said about the F-150 Lightning
Japanese officials are considering importing more American products, including soybeans and liquefied natural gas, while showing off Ford trucks to Trump during his visit. The meetings are aimed at strengthening the US-Japan relationship ahead of Trump’s talks with Xi Jinping.
Trump has previously promoted the import of the Ford F-150
President Trump’s visit to Japan highlights ongoing efforts to strengthen trade ties between the US and Japan. During an interview in August, Trump said Japan would import Ford F-150 trucks. The move is part of a broader strategy to open Japanese markets to American vehicles and agricultural products.
Earlier in July, Trump announced a $550 billion trade deal with Japan. Trump said at the time that Japan would invest the amount in the US “at his direction,” creating “hundreds of thousands of jobs.”
Benzinga’s Edge Stock Rankings indicate that Ford has a value in the 78th percentile. Here’s how it compares to other major automakers.
Photo courtesy: Jonathan Weiss at Shutterstock.com
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This story was generated using Benzinga Neuro and edited by Shivdeep Dhaliwal
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