The Great Escape? Trump and Abe at Mar-A-Lago
Today, Japanese Prime Minister Shinzo Abe heads to Mar-a-Lago for a meeting with Donald Trump. The chance to commiserate over their shared love of golf and koi fishcouldn’t come at a better time. Trump is reeling from an investigation of his personal lawyer and bracing himself for a battering of a book release, while Abe is embroiled in a corruption scandal that has sent his poll numbers tumbling to record lows. But relations between the US and Japan have been testy lately, and Trump’s distrust of America’s closest Asian ally goes back decades.
As Abe touches down in Florida, my fellow Signalista Gabe Lipton (@gflipton) sees three areas to watch:
Tariffs: Japan is the only major US ally that didn’t win an exemption to the Trump administration’s new steel and aluminum tariffs. The White House wants to use that as leverage to reduce the trade deficit between the two countries ($55 billion in Japan’s favor in 2016). So long as Abe can present concessions — for example, on autos or currency manipulation — that allows The Donald a “Tweetable” win, this is the area where we’re most likely to see some progress.
Trade Deals: President Trump pulled out of the Transpacific Partnership (TPP) in his first days in office, dealing a blow to Japan both economically (about 2.5 percent of GDP by 2030) and politically — Abe had stuck his neck out in order to reach a domestically unpopular deal that Trump then blew up. When it comes to trade deals, the two countries simply aren’t aligned: Japan wants the US back in TPP, while Trump seeks a bilateral free trade agreement that gives Washington more leverage. So while both sides will try to pitch deeper economic cooperation, they have different visions of what that means.
North Korea: The most important issue for the Japanese prime minister will be making sure his voice is heard in any diplomacy between the US and North Korea. So far, the Trump administration has largely shut Japan out of its overtures to Pyongyang. A nightmare scenario for Abe would be a US-North Korea agreement that rids Kim of the long-range missiles that can hit the US, while allowing him to keep short and medium-range weapons that threaten Japan.
Deadly Sand Traps: On the other hand, high politics aside, not falling into a sand-trap would also be a basic win for Prime Minister Abe this time around.