Trump has done a masterful job – headlines proclaim lower tariffs on Japanese autos! | investingLive

Say what you like about Trump, he plays the media very astutely.

Trump levied tariffs on autos from Japan at 27.5%

On Thursday, US time, he signed an order with the tariffs now at 15% instead.

I have seen plenty of headlines, including from reputable financial media, loudly hailing that Trump has lowered tariffs on Japanese autos. Depends on the time frame you choose to cherry pick I guess. Just months ago you could buy a Japanese auto without added tariff taxes. In 7 days the price will be higher due to the 15% tariff.

Hats off to Trump, he has played the media masterfully.

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Meanwhile, Japan’s top trade negotiator Akazawa says Japan has signed an MOU on Japan’s investment package.

So, the agreement is an ‘understanding’ Sheesh. And, Akazawa is sstill pushing for more favourable treatment on other goods:

• nothing changed from July 22nd agreement with regards to the USD 550bln investment package
• the amended executive order does not mention most favored nation treatment for pharma and chips, and will continue to push for the treatment