Trump: “I just signed the largest trade deal in history… with Japan.” 🇯🇵

Us consumers will pay 15% more on. Toyota and honfas and also parts for cars

US-Japan trade deal sets 15% tax on imported vehicles,

The president shocked global markets in early April when he announced a universal 10% tariff on every foreign good coming into the U.S., plus staggering additional “reciprocal” import taxes on major trading partners

The U.S. Appeals Court for the Federal Circuit is set to hear oral arguments July 31 over Trump’s reciprocal tariffs, which he triggered by declaring international trade a national emergency under the International Emergency Economic Powers Act.

The U.S. Court of International Trade struck down Trump’s emergency tariffs as unconstitutional in a May 28 decision, following two legal challenges brought by a handful of business owners and a dozen Democratic state attorneys general.

Arizona, Colorado, Maine, Minnesota, Nevada, New Mexico and Oregon were among the states that brought the suit.

V.O.S. Selections, a New York-based company that imports wine and spirits from 16 countries, led the business plaintiffs. Others included a Utah-based plastics producer, a Virginia-based children’s electricity learning kit maker, a Pennsylvania-based fishing gear company and a Vermont-based women’s cycling apparel company.
US Companies, Consumers Are Paying for Trump's Tariffs, Not Foreign Firms

General Motors Co. was the latest US company to disclose how the levies are raising costs, with the automaker saying Tuesday that the duties dented profits by more than $1 billion as it chose to absorb the blow. That helps explain why car prices didn’t rise in last week’s inflation data, while robust price increases for other commonly imported goods like toys and appliances showed those tariff expenses are being passed on to consumers.

Meanwhile, import prices excluding fuel were up notably in June, suggesting foreign companies aren’t shouldering the burden by offering US firms lower prices — challenging the president’s claims that other countries pay the rate. Trump reiterated that characterization on Tuesday after a meeting with his counterpart in the Philippines, saying that country “will pay a 19% Tariff” in a post on social media.The top-down macro evidence seems clear: Americans are mostly paying for the tariffs,” George Saravelos, global head of FX research at Deutsche Bank AG, said in a note Tuesday. “There is likely more pressure on US consumer prices in the pipeline.”for many foreign companies, the slide in the US dollar has incentivized them to raise their invoice prices to compensate, according to Wells Fargo. And Deutsche Bank’s Saravelos said the pressure on US firms so far to bear tariff costs is another headwind for the greenback, which is already on its worst start to a year since the 1970s.

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THERE WAS NO DEAL WITH JAPAN. ANOTHER TRUMP LIE AND FRAUD. TOTAL BALONY.

One two three get em out of here!!! The vote was made that dam Geiger win another strand and virus situation for Geneva 🥳