Trump’s Japan Trade Deal: What You Need to Know | WSJ News
– They just signed the
largest trade deal in history. I think maybe the largest
deal in history with Japan. – This is certainly
one of the bigger deals that the Trump administration
has negotiated. What we’ve had so far
are deals with Vietnam, Indonesia, the Philippines, these are all important countries, but Japan is really the first,
you know, really huge country that President Trump has
negotiated to deal with. What we know so far about
the US-Japan trade deal is that Japan has negotiated
a reduction in tariffs. So those were going to be at 25% when they came in on August the first, and Japan has negotiated that down to 15%. In return Japan has
promised to invest more in the United States. The figure that President
Trump has talked about is $550 billion. But it is a pretty significant investment. And if it comes to pass, and that would surely mean
more jobs in the United States or factory investment in
key sectors like autos and possibly semiconductors
and other sectors where Japan has a lead. This field will have a big
impact in Japan’s auto sector. Japan builds a lot of
cars in the United States, but it also exports a lot of
cars to the United States. It’s, you know, runs
it the millionth year. A tariff at 15% is probably manageable. American consumers, you know, will have to brace for higher prices for Japanese made automobiles. And it’s not just cars themselves that are subject to this new tariffs. Of course, it’s also the parts. So even if Japanese car
makers are making lots of cars in the United States,
they probably, you know, will still have to charge higher prices because they’re bringing
in things like engines and so on from Japan. Japan has welcomed the trade deal. Prime Minister Ishiba has
said it’ll be a great deal for Japan, a great deal for the US, and it’ll herald a new
year working together to manufacture goods and
send ’em around the world. This trade deal with the
United States was something that Japanese Prime
Minister Ishiba had said that he wanted to do after
receiving a bit of a setback at the ballot box on Sunday. So there’s ruling coalition under his leadership lost
their parliamentary majority in an election. There is already some
speculation in Japanese media that he could resign. His precise plans aren’t yet known, but it is certainly true
that there is pressure on him to consider his position. So with this trade deal out of the way, I think the Japanese leadership
will be turning pretty to improving relations with the US, to improving relations with Trump. – It’s a great deal. A lot different from
the deals in the past, I can tell you that. But we’re doing really well as a country. We’re strong.
As Trump unveils a ‘massive’ trade deal with Japan, speculation grows that PM Shigeru Ishiba may resign. WSJ’s Jason Douglas unpacks the details. Photo: Anna Moneymaker/Getty Images
#Trump #Japan #WSJ
31 Comments
It’s time that we all get to enjoy each other’s goods !!!
Trump is a fool. 🤡
“You cannot make a good deal with a bad person” — Warren Buffett
❤❤❤❤
Mr. Japan minister just sabotaged his people and county. Treasonous
We'll see. I don't believe a word Trump says without confirmation.
Pathological liar
Your report is garbage, you have know idea what is in the deal,or if it is actually happening.
I want to ask you a question pls , is there any president that sogn deal bigger than that…before?
Hard to believe that one group of global capitalist swindlers in one nation-state is on higher moral level than other groups of capitalist swindlers in other nation states. Any fanfare for World War III out there among common people ?
Billionaires protecting billionaires and the people are fed up!! Doesn't matter what political party, child abusers need to be held accountable!!! Release all the Epstein files Trump! Stop the cycle of abuses!
Contrary to Trump saying "Japan will pay 15% tariffs", American consumers pay tariffs. This will mean more expensive cars, more expensive car repairs and car insurance. And the US auto manufacturers will certainly increase their prices as a result. A win for the US government but a loss for the US people.
How is this a deal when there's still a 15% tariff on Japanese goods? Wonder how the cost will be passed onto the consumers. Hopefully the price hikes remain only for USA consumers and doesn't get spread around the world.
A tax on regular people, lol
They can build cars in the USA instead of Mexico or Canada to avoid the tariffs. It will add jobs. Also, it may make the American car brands more attractive but they also need to build models that are comparable.
Let's Make America Great Again 🇺🇸 America First 🇺🇸
Epstein says what?
Arrest Obama, Comey, Brennan, Clapper, Crooked Hillary, Susan Rice and all the Obama crooked cronies!
If buy toyota vehicle 50k your paying 15% more total price $57,500. Toyota's not paying the tariffs american buyer will pay extra $7,500 dollars.
the deals before were better….
ishida is gone
$550B is ~13% of Japan’s GDP. Seems like a fake number to me. That would be like the US investing ~$4T in another country
So in 4months they agreed to do a one time 550b investment ?
Re Japan trade deal: The Japanese will have to WANT to purchase American goods – but it won't be as much as we would like due to the Japanese being quite insular. Most American made vehicles are too large. Japanese made vehicles are smaller due to high priced gasoline and a smaller infrastructure for roads, parking, etc. The Japanese steering wheel is on the right hand side – the US driver has a left hand side steering while. Most Japanese are quite satisfied with 'sticky' rice – they aren't fans of 'Calrose' California grown rice. Unless American rice is substantially cheaper than homegrown, it will be a tough sell (unless American farmers start growing Japanese rice).
We'll see. I won't, given their recent past glorious negotiation successes, be betting my future on the predicted (by the current U.S. administration) results of this 'deal' just yet.
You do realize this supposed "deal" makes absolutely NO sense 🤔
I hope people realize that Trump is all talk no action. Like in his first term so many deals were supposedly made but no factories happened. Companies just waited for the next administration. What a joke.
Remember the SoftBank/WeWorks project investment from Japan in 2018? Went bankrupt with just a few billion…this $550 billion loan from Japan for U.S investment is wishful thinking. Also big 3 automakers are getting more tariffs than the Japanese cars…oh the irony😂
Must be in the salt flats because too much salt here.
So cars will be more expensive!
The 550 billion is simply not true, the japanese trade negotiater said as much to a japanese outlet. He doesnt remember that part. Also nothing is signed at all