Ishiba will also look to remind Trump — who has proposed tariffs on both friends and foes in an effort to boost American manufacturing — about the long-running U.S.-Japan alliance. Japanese companies employ nearly 1 million Americans and have held the top spot for cumulative foreign direct investment into the U.S. over the last five years.

Trump also announced alongside the Japanese prime minister that Nippon Steel was dropping its $14.1 billion acquisition of U.S. steel.

President Donald Trump said he wanted the U.S. to eliminate its trade deficit with Japan 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.