How Did Trump Get Japan to Open Their Economy? #trump #news #trade

How Did Trump Get Japan to Open Their Economy? #trump #news #trade

Tariff your auto tariffs. What was the plan? No, I’m not negotiating on auto EU looking at 15% like Japan. Well, it depends. Japan, what Japan did is they bought down their tariffs. They gave us 300 550 billion because they didn’t want to pay 20. They were 28%. And they gave us $550 billion upfront. 100% 500, we get 90, they get 10. 90% they get 10. And there’s no payment. It’s not a loan or anything. It’s a it’s a signing bonus I call it. But they gave us 550 billion and took down the tariffs a little bit and then they agreed to open their economy to everybody. Now the opening of the economy is worth more than $550 billion. The payment that they made, it’s worth more. So between that and the payment, we reduced it down to 15%. But they were at about 28% and then they they bought it down basically. But could other countries buy it down? Yeah, I would let other countries buy it. Red.

Trump breaks down how he scored a $550 billion “signing bonus” from Japan by refusing to negotiate on auto tariffs until they opened their economy. After months of tough talks, Japan dropped tariffs from 28% to 15%, paid up front, and gave U.S. companies new market access. Trump calls it the biggest trade breakthrough yet! If you found this video useful or insightful, please click ‘Like’ and subscribe for more Breaking News!