United States and Japan governments will work together to intensify trade consultations between the two nations. The aim is to expand trade investments and increase trade ties. Japanese Prime Minister Shinzo Abe and US President Donald Trump announced the agreement in April 2018. Japan is currently US’ fourth largest goods trading partner with $195.5 billion in total (two way) goods trade during 2016. Goods exports totalled $63.3 billion; goods imports totalled $132.2 billion..