The deal will reportedly see the US levy 15% tariff on goods imported from Japan. Donald Trump also said the US would increase exports of rice and vehicles to the East Asian nation.
Yeah, good luck with that. No one’s gonna buy our rice or shitty, gas-guzzling cars over there because of this trade war shit, so this is basically just Trump announcing a 15% tax on consumers who want to buy stuff from Japan.
A lot of our cars won’t fit on Japanese roads and inner cities, however, the US already exports quite a bit of rice to Japan. I think the most popular rice used in Sushi is grown in California. That being said, if the market exists, then American automakers will attempt to make model(s) that appeals to Japanese sensibilities. This will probably just result in Toyota manufacturing marginally more in the US only to export the vehicles back to Japan.
Japan govt has already asked their motor US subsidiaries to export their goods back to Japan. Its much more easier for them to make Jp specific modification compared to US-origin manufacturers.
I hadn’t seen this but I’ll look into it. Small dominos.
FYI, that was reported in Jp news flash and the source is internal govt, it maybe not credible enough to publish globaly
Japan, with the best automotive engineering in the world, is going to buy more shitty US made vehicles?
Yeah. Ok.
The best “US made” vehicle I’ve owned was a 2006 Ford Ranger and it was actually just a rebadged Mazda which, go figure, is Japanese.
Yeah, I truly wonder whether the U.S. autos were even consulted on this. Retool domestic factories to make a tiny number of left-hand drive pickups that don’t even fit on Japanese streets? Sounds expensive and pointless. There’s simply no market.
My favorite “American” car I’ve owned was a rebadged Holden manaro. Favorite overall? My Mazda MX-5. The grand Prix GTP was pretty decent though.
Putting fuel in the GTO was a pain. There are a few stations near me that were not very compatible with that stupid rigged solution to US crash standards. plus the lack of trunk space due to the tank being in there kinda sucked.
Lmao I love that you knew exactly what car I was talking about. But yeah that car was so ridiculous that I destroyed a business after they tried to show me “my” fuel filter. To even get to that shit was like a 5 hour procedure. But God, the way that car drove was nothing short of magical. It was like it was connected directly to your brain. It knew exactly what you wanted to do and did it. The Mazda MX-5 is exactly the same way, but easier to push to its limits. It’s less like a robotic companion attached to your brain, and more of a best friend you’ve grown up together your whole life.
Conservatives love paying more taxes.
NPR did a segment on this - we already had a trade agreement in place with Japan that was ironically set up during his first term. That agreement had us paying 1.5% on imports from Japan. We’re now going to pay 10x more.
Let’s see how long this lasts… ⏲️
Till tomorrow when they announce that it is a “framework” of a deal.
Remember. TACO.
We need to stop all reporting of Trump deals until they are in writing. Anyone notice that Coke never confirmed the sugar thing? The UK tariff framework isn’t anything more than a handshake. The healthcare plan is just two weeks away. We have always been to war with Eastasia.
Nothing is real until it is signed. He gets the bump by announcing them and then nothing happens and he isn’t held accountable.
Even when it is signed, it’s not real. He tore up the trade agreement with Mexico and Canada that HE implemented.
I thought about covering the kind of situation but decided to keep it simple. But you are correct.
My stocks here in Japan shot up the other day, which is weird because we still have tariffs — just less than what he had originally proposed. We’ll see how long this “deal” lasts.
I’ve just been buying the dips and it seems like it’s working out. I just hope I receive enough dividends to allow me to keep buying domestic rice.
