US Japan Trade Deal | Trump’s Trade Deal with Japan: Who Really Won — U.S. or Tokyo? | N18G

US Japan Trade Deal | Trump’s Trade Deal with Japan: Who Really Won — U.S. or Tokyo? | N18G

What we want to know is who got the better deal, the US or Japan? Joining me now is Ezar Prasad. He’s a senior fellow with the Brookings Institution. Great to have you with us. I don’t want to preempt your answer here, but I think when you consider that Japan are now worse off than the 10% levy they were paying before, it’s a complex question. Who do you think got the better deal? It certainly seems like the Trump administration got the US a bit of a win here. Um because what has happened is that you’re going to end up in a regime where American um car manufacturers are going to be to some extent uh predicted from Japanese competition. Um but Japan hasn’t given um and Japan is giving the US um access to its markets um for cars rice and so on. And it doesn’t look like the Trump administration gave up very much. Japan has also as you pointed out agreed to invest in the US. But for Japan it is a partial win because one thing that was clouding economic prospects of Japan was the prospect of 25% tariffs on its imports to the US and certainly 15% is better than 25%. But more importantly this takes away some of the uncertainty surrounding Japanese exports to the US and certainly Japan at a time of low growth and low domestic demand needs the US market. Yeah. But it turns out, doesn’t it, that that 25% was just a threat all along? I mean, is this evidence that Trump’s aggressive approach is getting results? If one were to view these agreements that seem to be uh coming into focus um and what tariffs um are being applied on US imports from the rest of the world versus US exports to the rest of the world. It certainly sounds like uh um Trump and his team are winning. But the big question still remains whether it’s going to deliver um you know as many jobs as Trump says it’s going to deliver to the US and also about who is paying these tariffs. Um all the evidence so far suggests that foreign manufacturers are not really cutting prices in order to account for the tariffs. It’s American importers and perhaps even American consumers who are going to be paying the prices. So yes, a win if you look at the outcome in terms of tariffs, but certainly not a clear win for US consumers or businesses. That’s a very good point. Um because I think the broader picture of the economy in the US is concerning. The US dollar is continuing to sink. the economy is stagnant. But look, we have um a dozen other tariff decisions still to come, deals to be set, most notably Europe and China, of course. Is the Japan deal perhaps an indication that Trump may not be willing to push his biggest trading partners as far as he claims? Certainly not as far in as you mentioned earlier. We started off with Trump making threats of very high levels of tariffs. Now it’s worth considering the context that America’s trading partners face. Most of them unlike the US economy which has been powering along have not been doing great. If you look at Europe, Japan, the United Kingdom and most of the countries, they are quite reliant on exports. Their domestic demand is not very strong. They’re not growing very strongly. So at some level they are very keen to come to an agreement with the US which remains a very important market. On the other side is China of course and China has a lot of excess capacity that it has built up. So many countries around the world need exports and they recognize that they don’t want to open their markets to Chinese exports and at the same time they want to maintain access to the US markets. So Trump seems to be playing it relatively well.

U.S. President Donald Trump’s trade agreement with Japan is back in the spotlight as analysts debate who truly came out on top. Was it a win for American farmers and tech giants, or did Japan secure the smarter long-term benefits?

In this segment, we break down the core terms of the deal — from tariffs on agricultural goods and digital trade rules to auto industry concessions. Experts weigh in on how the agreement shaped U.S.-Japan relations and global trade dynamics. Was it a symbolic handshake or a strategic shift in economic policy?

As tensions with China loom large and election rhetoric intensifies, the Trump-era trade policy with Japan could once again become a talking point. Don’t miss this deep dive into one of the most debated deals of recent years.

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