Japan, Donald Trump and tariff
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He’s a wheeler-dealer, our president, needless to say, and he’s kind of cutting these deals — but he has scared these people, and he’s leveraged American bargaining
Trump said the U.S. may send out tariff rebate checks, though lowering the national debt would take precedence.
US stocks are floating near all-time highs as Wall Street maintains cautious optimism that Washington might ink more trade deals, avoiding a worst-case scenario of extraordinarily high tariffs and enabling the resilient economy to continue chugging along.
President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House said.
On his own terms, it could now be said that the aggressive approach by the US President is yielding tangible results.
Japan's top tariff negotiator, Ryosei Akazawa, met with U.S. President Donald Trump at the White House on Tuesday, the Asahi newspaper reported on Wednesday.
Japanese Premier Shigeru Ishiba on Monday revealed plans to stay in office to provide “stability” and tackle economic concerns after his ruling coalition saw striking losses in the country’s upper house elections.
Trump announced Tuesday that the U.S. had reached a “massive” deal with Japan to levy 15 percent tariffs on Japanese imports — including automobiles and auto parts — inste