Japan's digital trade deficit is expected to reach ¥10 trillion in 2030, roughly equivalent to its crude oil imports in 2024.

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.

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.