Trump, Japan and trade deal
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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.
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.
"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.
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.
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.
With tariffs increasing costs of Uwajimaya's importers, it is a matter of time before the impact is "felt by everyone," said CEO Denise Moriguchi.
Jim Cramer's on-air profanity during "Squawk on The Street" came while discussing Trump's new EU trade deal that includes a 15 percent tariff on most European goods imported to the U.S.