Trump clinches a crucial Trade Deal with Japan

White House Announces Revised Trade Terms for Japan, Others

With President Donald Trump’s Aug. 1 trade deal deadline days away, he hopes to unveil a “rash” of deals, according to Treasury Secretary Scott Bessent. But on Tuesday, the administration revealed revised terms for three of Trump’s previously set tariff deals.

1. Trump set 15% tariffs on goods imported into the U.S. from Japan, arevision that is down from his 24% rate announced on April 2, and this month’s threat of 25% tariffs. He also said Japan would invest $550 billion, at his direction, in the U.S., which will get 90% of the profit.
2. Trump revised terms for two other countries, Indonesia and the Philippines. The rate for imports from Indonesia will remain at the 19% set earlier this month, butIndonesia will sell critical minerals to the U.S. and buy billions of dollars ofBoeing planes and U.S. farm and energy products.
3. After meeting with Philippine President Ferdinand Marcos Jr., Trump set tariffs of 19% on goods imported to the U.S. from the Philippines. That’s lower than the 20% Trump unilaterally announced last week but higher than his April 2 rate of 17%. Initially Trump set tariffs at 32% for Indonesia’s products.
4. General Motors said that new tariffs on imported cars and auto parts slashed $1.1 billion from its bottom line, as second-quarter net income shrank 35%. Greater effects from tariffs are seen in the current quarter, GM said, though it maintained its full-year profit outlook.

What’s Next: London-listed AstraZeneca is spending $50 billion by 2030 to manufacture drugs in the U.S., including new multibillion-dollar facilities in Virginia, Massachusetts, and California and expanded factories in Texas and Indiana.

What country in their right mind would ever want a country like China manufacturing 90% of the world's current antibiotics, as well as the majority of generic medicines ......absolute bloody madness

Glad to see that the manufacturing of drugs in the US is receiving the attention that it should have received a very long time ago......it's one thing that Trump has been pushing that I 200% agree on.

President Trump once more delivers for the USA.

Sure he ruffles feathers but he has a always delivered for the country.

Cry me a rivers all you TDS idiots.

Trump makes up some garbage numbers of reciprocal tariffs, and the Trumpanzees cheer and claim they have been ripped off all along. The stock market owns America; it has brokered their souls- now they are looking for scapegoats for their growing working class and shrinking middle class.

The EU needs to target Big Tech, which collects user data illegally and sells it for advertising purposes. Just ban the tracking methods. Then sell the data in an aggregated and anonymous format that protects individual privacy while being used for advertising purposes. Many of the Big Tech companies are dependent on user data.

The market is soaring….Trump has a deal with a top 5 trading partner. A vast immigration reset is well underway….supported by hard working legal immigrants who pay their taxes. Iran is back in its box. Better raise Epstein again that’s about all they have left.

Better raise Epstein again that’s about all they have left.

This has to be the most hilarious and ridiculous gaslighting attempt ever. The Epstein list was always an obsession of the MAGA conspiracy theorists that Trump was happy to exploit for his own gain when it suited him. Now that's biting him on the backside its suddenly a plot of his opponents.

Incident in which migrants were shackled with hands tied one of succession of alleged abuses at jails in Florida

This has to be the most hilarious and ridiculous gaslighting attempt ever..

Really, ever? There hasn’t been a huge effort in the last few weeks to again link Trump with Epstein? It’s now Democratic strategy. Here’s. NY Times Headline from today:

A conspiracy theory many of them once dismissed has given Democrats a potent tool for exploiting G.O.P. divisions, even if it has little to do with what many regard as their best line of attack against Republicans.

…..

Pure opportunism on the part of a party staggered by the momentum the Administration now has.

BB

Are you nuts to put such shit on site, Eating like dogs - b loody funny - did you get that garbag e ffom The Guardian again. If their are sch reports of inhuman treatment proven - why not take it to court and prove that it happens. Yu must really be sick in your mind to come up with BS like that.

It is like that gangster who was sent back to the USA because the Democrats love gangsterism so much then claimed he was torturedd in El Salvador - and the El Salvador Government released videos tha proved it was batshit suitable for your batshit brain to absorb.

We can expecft more hysteria from the Democrats when Obama is arrested for a failed coup attempt in 2017 he orchetrated in the last two months of his presidency. Plenty documents proving that released on that BSter who will have to "eat like a dog sooner rather than later". He will probvably be kept n jail in GISMO together with the other corrupt criminals he was in partnership with.

. . .

Considered how public speech has turned to under liberal governance, going for the Epstein files is sound strategy. It is convenient, straightforward, intuitive, very suitable for scoring easy points and taking cheap shots.

The tariffs farce is muddy waters. It will take years to assess the effects and it will be probably never be done in a public, open and widespread way.

Supposedly, this farce had goals other than maintaining the world into funding the US deficit (a never publicly declared goal but which is the main one) and hence pumping up the US stock and bond markets.

As a reminder, this farce was motivated on the ground that the world was ripping off the US as they had a largely deficit trade balance and it was time to restore stuff. Following with other stuff like manufacturing US goods and getting others to buy them.

The OP relies on a fallacy, striking a deal with Japan is itself an achievement, which is not as most countries are going to sign one. Yet already from the data provided in it, doubt happens. Japan was a big offender, screwing the US by dozens of billions dollars yet it managed to secure a 15 per cent tariff, only five points above the minimal tariff rate planned by the Trump administration. Nothing by the way on the Japan tariffs placed on US goods since according to the narrative, the tariffs on US goods were too high and the reason they could not penetrate the Japanese market. It was all about reciprocal tariffs and stuff. About the investments, since it is a bilateral deal, they must foster export of US goods toward Japan in order to reduce the balance deficit toward Japan. Very unlikely but who knows? There would be more to review and stuff on the case of Japan. Moving to Indonesia and their imports of US food. Part of the tariff farce was also to address the claim on illegals bringing wages down. The farming sector being one sector. All this exported food will have to be produced no longer from the lower cost productivity provided by illegals but from US workers at a revised up wage. Already the Trump administration is showing signs of a U turn as there are declarations about presidential decrees and stuff.

A lot to review when assessing the tariff farce consequences. It may be never be done publicly and substituted with the narrative about the market is up, trade balance no longer mattering and people who claim otherwise must prove the claim was ever made by the Trump administration.

So the Epstein case is way more convenient.

The Japanese press reports different terms. How is this supposed to work? Fun days ahead.