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.

The two leaders pledged to pursue a 'new golden age' of U.S.-Japan relations — though Ishiba did get an earful about America's trade deficit with its ally.

During the Friday meeting, the president plans to cover a range of issues in his meeting with the Japanese prime minister, including Japanese investment in the U.S. economy and improving cyber security.