Trump, Japan and trade deal
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2don MSN
President Donald Trump is bragging that Japan has given him, as part of a new trade framework, $550 billion to invest in the United States
With their "Japanese First" slogan, riffing off US President Donald Trump's "America First", they have truly ruffled the feathers of the ruling Liberal Democratic Party (LDP) and its embattled prime minister, Shigeru Ishiba.
President Trump has offered sketchy and sometimes contradictory details in his recent trade frameworks. Yet markets don't seem to mind, viewing vague guidance as increased stability.
James Knightley, ING’s chief international economist, said the deal with the European Union is important. But he said there are still questions to be settled with some of America’s major trading
The Japanese government, not companies, is poised to back U.S. infrastructure projects of the president’s choosing.
Sohei Kamiya's Sanseitō Party won 14 seats in Japan's Upper House elections, appealing to young voters with a "Japanese first" platform focused on culture, birth rates and food security.
Japan's top negotiator is pushing back against claims that the country is handing over hundreds of billions of dollars to the U.S. under a new economic deal with the Trump administration, clarifying that actual investment will make up just 1% to 2% of the $550 billion agreement.
"The trade deal struck with the U.S. is certainly a relief in that it offers some certainty that U.S. tariffs on Japan-made cars won't rise to punitive levels," said Stefan Angrick, head of Japan and Frontier market economics at Moody's Analytics.
When President Donald Trump revealed that his administration had struck a "massive" trade and investment deal with Japan, he described it as "completed"—but it must still pass the Japanese parliament, called the Diet, which is riven with political turmoil.
President Trump's trade strategy, marked by elevated tariffs, is yielding agreements with nations like the EU, Japan, and Vietnam. The EU accepted 15% US tariffs and committed to significant purchases and investments.