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Japan Loses Out Amid China Trade Threat That Shakes Markets

TOKYO, March 23 (Reuters) - As U.S. President Donald Trump dealt a blow to China with plans to slap tariffs on $60 billion of trade, he quietly delivered a slap in the face to one of Washington's closest allies, Japan, which got no exemption from earlier announced duties.

The move to exclude most U.S. allies, but not Japan, from steel and aluminum tariffs that took effect on Friday is an apparent snub to Prime Minister Shinzo Abe, who has assiduously courted Trump since he was elected.

U.S. Trade Representative Robert Lighthizer also ratcheted up pressure for a bilateral trade pact with Tokyo, which has been in sporadic talks with Washington on cutting Japan's trade surplus.

Abe was the first foreign leader to travel to New York and meet Trump in the days after the November 2016 election, when he presented him with a golf club worth nearly $4,000 and showered praise on
Japan Loses Out Amid China Trade Threat That Shakes Markets

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