Jul. 23 at 11:51 PM
Cheers to President Trump for trade deal w/ Japan & forcing Japan to lower US auto import tariffs from 0% to 0% & removing Japan’s unique safety standards & testing requirements for US auto imports
Tariffs on Japan auto imports to US: Reduced from 27.5% down to 15% - TBF was initially 2.5%
Tariffs on other Japan imports to US: Reduced to 15% from around 25% - TBF was 0% to 10%
Yen appreciating against USD is mitigating above tariff impact
Japan commits
$550B private investment (Softbank's
$100B pledge) and/or govt-backed loans to US - Japan would buy 100 Boeing planes, boost rice purchases by +75%, buy
$8B in agricultural & other products, and hike defense spending w/ US firms to
$17B annually, up from
$14B)
Japan has agreed to open its markets to US-made products & ag
Note: Deal details have not been released
Like I said previously, all countries will pay a vig to America - this will help pay for the
$4.2T debt which be added over next 10 years from the OBBBA
$EWJ $FXY -
$SPY -
$ITA $BA