Trump Strikes Trade Deals With Japan, Philippines — India Holds Out | Vantage with Palki Sharma
just signed the largest trade deal in history. It’s trade deal season in America. Yesterday, Trump announced two more trade deals. After Indonesia, he now has deals with Japan and the Philippines. And as always, Trump was quick to take credit. Just signed the largest trade deal in history. I think maybe the largest deal in history with Japan. And that was done with Japan. They had their top people here. And uh we worked on it long and hard. And it’s a great deal for everybody. I always say it has to be great for everybody. 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. With the threat of higher tariffs looming, America’s trade partners are moving fast. They’re scrambling to sign deals before the 1st of August. That’s the deadline that Trump has set, August 1st. So, expect more announcements in the coming days because America’s partners seem to have understood Trump’s playbook. All these deals follow the same pattern. They aim to avoid his punitive tariffs. There is no full withdrawal of duties. Trump is still keeping some barriers in place, but he’s forcing others to lower theirs. So, America’s trade partners must open up their sensitive sectors. They must sweeten the deal. They must promise big headlinew worthy purchases. They must promise new investments inside the US. And we are seeing the same in the case of Japan and the Philippines. Both have secured deals with Trump. Under the new terms, the US will charge Japan a 15% tariff 15% tariff for Japan, 19% for the Philippines. Next, we have market access. Japan is ready to open up sectors like auto and agriculture. This includes products like rice and these are, remember, very sensitive sectors for Japan’s economy. Japan itself is a major exporter of both cars and rice. So by agreeing to buy these from the United States, Japan has made a significant concession. Then we have the Philippines. It has promised to quote unquote an open market to US products, meaning zero tariffs on all American imports. On the investment front, Japan has pledged to invest $550 billion into the US. Trump announced this himself, $550 billion. He claims the US will get 90% of the profits from these investments. As for the Philippines, they will import more soy, wheat, and farmer products from the United States. There were certain markets for the that they were asked to be open to be open that are pres that were presently in this right now are not open. But also the other side of that is an increased importation from the United States uh for um soy products, wheat products and uh um uh pharma. We managed to bring down uh the 20% tariff rate for the Philippines to 19. Now 1% might seem like a very small concession. However, when you put it into in real terms, uh there uh it is a it is a significant it is a significant achievement. That was Ferdinan Marcos Jr., the president of the Philippines. He met with Donald Trump yesterday at the White House and the deal was announced shortly after. So much hard work for just 1% tariff reduction. There’s another important takeaway, by the way, from these deals. While Trump may sell them as major breakthroughs, none of these agreements have been signed yet. There is no legal text or binding document, the promises and commitments are only verbal, even vague. They may sound like impressive headlines like Japan’s $550 billion investment, 90% profits for America, orders worth $3.2 billion for Boeing. Apparently, that’s the commitment from Indonesia. But nothing has been signed. And if history is any guide, Trump’s U-turns may be next. He’s infamous for going back on his commitments. He can very well start making new demands. Which brings me to India. India too has been negotiating with the US for months. There have been five rounds of talks so far, but a deal still remains elusive. Reports say even an interim agreement now looks tough. The reason? America’s sweeping demands for market access especially in sectors like agriculture and dairy. These are sensitive sectors for India. They’re a red line for New Delhi. Millions of workers depend on these sectors for their livelihoods. Agriculture especially. And Trump’s recent deals give us an idea about his intentions. He wants tariff-free market access for American products, but he wants to retain even raise his own barriers. He wants to keep American tariffs in place. Will India agree to such a one-sided agreement? Because as things stand, these deals serve just one man and that is Donald Trump.
Trump Strikes Trade Deals With Japan, Philippines — India Holds Out | Vantage with Palki Sharma
Donald Trump has announced two new trade deals, with Japan and the Philippines, just days after securing one with Indonesia. Both Tokyo and Manila agreed to concessions like lowering tariffs, opening sensitive markets, and pledging investments — to avoid Trump’s threatened punitive tariffs starting 1 August. Japan promised access to its auto and agriculture markets and pledged a $550 billion U.S. investment, while the Philippines agreed to zero tariffs on U.S. imports and more purchases of soy, wheat, and pharmaceuticals. But none of these agreements are signed yet — they remain vague, verbal commitments, with no binding documents. Meanwhile, India has resisted U.S. demands in ongoing talks, especially over sensitive sectors like agriculture and dairy. As Trump presses for one-sided deals, New Delhi faces a tough choice.
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Donald Trump | US Trade Deal | US Japan Trade Deal | US Philippines Trade Deal | Firstpost | World News | News Live | Vantage | Palki Sharma | News
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40 Comments
Trump’s doing political scoring-After few weeks 😂 Trump’s tariffs will knock their door again and another big beautiful trade deal will be signed this cycle keeps going on.
It’s better to take the risk of tariffs instead of just bowing down to unjustifiable demands from anyone!! India is big enough to sustain itself and time and time we’ve shown that, a civilizational state doesn’t shut down from these hiccups China, Russia, Iran showed sanctions doesn’t matter much so why to bother
He is working for his country. Nothing wrong in it !
https://youtu.be/dt2-E-RkGVI?si=MlQ_PFAEZlpjzjDD
India should retaliate like how China did it, India is the superpower country already
Trump Golden Dome has already gone out of the world.
A lot of these deal will fails .
😂🇮🇳🤣 India deciding if it wants to get on its knees to swallow huge tariff clumps or bend over and get it from behind! Japan took it both ways. India will, too. For centuries to cumm! 😂😂
I guess cheaper goods should flow into india. Restrictions till now were politically motivated. Influx of foreign goods will raise atandard of living.
Trumph wants the world to pay money to the USA
Are you joking. Who is going to buy US cars in Japan.
While people are fixated on a non-existing list. The king is making money moves. We are so back babyyyyy!!!🇺🇸🫡🫡🫡
Big joker the US ever produced
Immature
US farts, everyone can smell. 😆
trump is stupid!!!
Why that tariffs make us citizen or who stay in us need pay more for import product right?
people who are taking to trump since last few months are walking away with trade deal while indians are talking to trump since 2017 still trying to make a deal or else walk away with 26% percent tariffs
the title is make america bad again maba??
Well I'll see it when it happens because that you're charging us an extra 15% for what the Democrat Party did
I don't trust it till I see it on paper and put in a bill I don't trust it
He shouldn't even be talking about it if it hasn't been signed. Nobody wants to deal with him because of him it's nobody's fault but him
1% is not too much. Why so much buzz around it.
Philippine president is in trumps payroll..
india is just a country for usa 😂😂😂😂
If its true, both Japan and Philippines are suckers to agree to 15% and 19%, tariffs. It's too much, besides allowing free access to US, goods, into their country. 😊
One realizes, that nothing is signed, so it's possibly all fake. Trumps main target is India's defence imports. America wants a bigger pie, and if possible, a monopoly on Indias arms purchases. They know India has the cash and the forex reserves to match. All the rest about Japan and Philippines is just a smoke screen. 😊 All that stands in their way is Russia. America should however remember, India's not stupid. 😅
Hope America does not take the next step, in creating a "need", for India to purchase sophisticated weapon platforms, from them by arming Pakistan for free. Today the balance is in India's favour, and India is sitting pretty. But you never know with the American's. Their dalliance with Pakistans General Asim Munir, who holds no political office, but has direct audience with the US President, shows an ulterior motive. Americans are very clever in creating a 'need' for their products and services. Arming Pakistan for free, is the easiest way to tilt the balance and force India to spend on munitions. Stoke Asim Munir enough and he will even launch a misadventure against India, on their behalf.
One needs to be wary of all this trade tarrifs BS, that America is putting out! Be very careful, indeed!
philippines is a joke lolz
Excellent work by trump admin 🎉
Tom got the better of jerry.😂
Not gr8 for everybody if usa is happy with deal
Philippines should pivot to China as its major trading partner. Enough of these one sided trade deals in favor of Donald trump.
Trumph at 3:43 LOSER!
India is going good, id!ot thinks India is EU,
Trump will damage USA geopolitical ties badly
Just wait and watch
Japan and Philippines are USA Lapdogs. So they have to accept anything thrown at them 😂🙉🙈🙊
Trade deals
They just have to delay this for 3 more years
Sign what deal he's dreaming
Both Japan & Phillipines are extremely dependent on the U.S. for Defence.
I hope they give India a 150% tariffs.They should stop all trade with India since a joker face-to-face and kissing China's butt.
Aftrr they got beat up twice By them
American empire is the richest and most ruthless in the history of mankind . It's not worth fighting against Americans. All East India can and must do is to OBEY
Trump slashing Ph tariff by only 1% is already an insult. What is more insulting is Mr. Marcos accepting it with a smile. Not to mention Trump saying he is doing well with China. Mr Marcos is just an American *ss licker.
Arrogance is not be the right way. Us is isolating itself from the world. India completed fta with uk and soon the ei would also follow suit. US government should know better to not to surrender such a market.