President Trump is holding a joint press conference with Japanese Prime Minister Shigeru Ishiba Friday, as Japan's Nippon Steel hopes the Trump administration will allow a $14.1 billion bid for U.S. Steel to move forward,

President Donald Trump on Friday threatened tariffs on Japanese goods if the US trade deficit with Tokyo is not equalized, as he met Prime Minister Shigeru Ishiba in Washington. But Trump insisted that he wanted "equality" in the trade balance between the two countries -- and said "yes" when asked whether tariffs could follow if no progress was made.

WASHINGTON — President Donald Trump said Friday he wants to slash the U.S. trade deficit with Japan as he welcomed Japanese Prime Minister Shigeru Ishiba to the White House for their first face-to-face meeting.

U.S. President Donald Trump welcomed Japanese Prime Minister Shigeru Ishiba at the White House on Friday and said the two countries would work to cut Washington's trade deficit with Tokyo amid escalating trade tensions threatening to rupture the global economy.

President Donald Trump said he wants the US trade deficit with Japan eliminated during a meeting with Prime Minister Shigeru Ishiba that saw the visiting Japanese leader highlight new potential investments by some of his country’s automotive giants.