Japan is expected to spend $6.3 billion in an effort to thwart the economic impact of President Trump’s tariffs.

Chief Cabinet Secretary Yoshimasa Hayashi on Tuesday lauded the country’s approved spending package set to aid regional businesses in sustaining operations amid slated price jumps. 

Additional funds will be allocated for utility bill subsidies and upscaled loan programs stemming from the Japan Finance Corporation to increase insurance support, according to Hayashi. 

“Japan’s national interests must come first in any trade negotiations. We need to seek an agreement that is a win-win situation for both Japan and the United States to also ensure that Washington will maintain its engagement in the Indo-Pacific region,” the secretary told the Japan News.

“What would President Trump consider to be a ‘win’?” he questioned. 

Hayashi said Japan began preparing for economic shifts around September ahead of Trump’s auto tariffs, which have unraveled profits in the manufacturing sector. 

In March, Trump implemented a 25 percent tariff on imported passenger vehicles.

Companies including Toyota and Nissan have projected billion dollar losses due to U.S. levies while plotting to scale back production levels in an uncertain business climate. Japanese officials say their reductions could cripple smaller companies that supply parts. 

“Japan’s direct investment in the United States is the highest of any nation. The government has conveyed its deep concerns that U.S. tariffs could erode Japan’s capacity to invest in the United States,” Hayashi said.

“Japan and the United States should pursue cooperation that benefits both nations, including through greater investment,” he continued.

Economic Minister Ryosei Akazawa met with Trump’s officials in Washington last week with hopes of hammering out a stabilized deal for both countries. 

Hayashi said they will continue to hold talks with a “candid” and “constructive” approach.