Trump signs 550B trade deal with Japan. # winning.
Replies to: Trump signs 550B trade deal with Japan. # winning.
It’s CAPITALISM! The worst economic system… except all the others..
Zohran must be furious at the social injustice.
Link: https://www.foxbusiness.com/politics/trump-secures-historic-550-billion-trade-deal-japan-never-been-anything-like-it
Big deal - Japan has 4th biggest economy in the world by GDP. Puts much more pressure countries to
make a deal now.
The US was already going to win this tariff battle simply because it is by far the largest consumer and any equal tariff benefits us. But adding in a major economic ally like Japan makes it even easier for the US whose citizens will feel much less effect from the tarifs.
Imagine what the German auto industry is telling their chancellor now to take with her back tot he EU meetings......the American consumer can easily shift more from a taste in German to Japanese luxury vehicles.
And so many other products that Japan produces that already competes with other hold out countries.
Link: https://www.worldometers.info/gdp/gdp-by-country/