The president said he planned to impose tariffs on countries that tax U.S. products. He also paused an action against China, allowing its low-cost products to again enter the U.S. tariff free.

Here’s why Trump’s opening tariff salvo will likely hurt U.S. consumers. If U.S. voters reelected Donald Trump hoping for relief from higher prices, his recent threats to impose tariffs on America’s three largest trade partners might make them think again.

Another sensitive issue Ishiba was expected to address in the leaders’ private talkswas Japan’s Nippon Steel’s efforts to win approval for a $14.1 billion acquisition of the

"We love Japan!" Trump said as he greeted Ishiba and the two shook hands. Trump later told reporters at they sat together in the Oval Office that the two countries would work together to get U.S. trade deficit with Japan down to "even.