Karoline Leavitt touts new trade deal with Japan | CloseUp
TO LAUNCH IN THE EARLY SPRING. THERE IS ANOTHER DEADLINE LOOMING, THIS ONE ON TRADE AT THE NATIONAL LEVEL. THIS LAST WEEK, THE WHITE HOUSE WAS TOUTING THE DEAL IT CUT WITH JAPAN TO REDUCE THE TARIFFS IMPOSED ON JAPANESE IMPORTS BY PRESIDENT DONALD TRUMP. JAPAN WILL NOW PAY A 15% TARIFF VERSUS THE RECIPROCAL RATE OF 24% THAT THEY INITIALLY HAD. AUTO AND AUTO PARTS TARIFFS HAVE BEEN REDUCED TO 15%. BUT THE CENTERPIECE OF THIS DEAL NOW IS THE PRESIDENT GOT JAPAN TO COMMIT TO $550 BILLION IN INVESTMENTS TO REVITALIZE AMERICAN INDUSTRIES. AND THESE FUNDS WILL BE SPENT AT PRESIDENT TRUMP’S DISCRETION AND DIRECTION INTO KEY INDUSTRIES SUCH AS ENERGY, SEMICONDUCTORS, CRITICAL MINERALS, PHARMACEUTICALS AND SHIPBUILDING. AND THE U.S. WILL RETAIN 90% OF THE PROFITS FROM ANY INVESTMENTS MADE BY THIS $550 BILLION FUND. THIS WAS ORIGINALLY A $400 BILLION INVESTMENT THAT PRESIDENT TRUMP THEN NEGOTIATED TO AN INCREASE OF 150 BILLION, MAKING IT A $550 BILLION DEAL FOR THE AMERICAN PEOPLE. PRIOR TO PRESIDENT TRUMP TAKING OFFICE, THE TARIFF ON GOODS COMING FROM JAPAN TO THE U.S. WAS JUST UNDER 2%. THE 15% TARIFF GOING INTO EFFECT WI
Karoline Leavitt touts new trade deal with Japan | CloseUp
White House Press Secretary Karoline Leavitt said, “Japan will now pay a 15% tariff versus the reciprocal rate of 24% that they initially had.”
White House Press Secretary Karoline Leavitt said, “Japan will now pay a 15% tariff versus the reciprocal rate of 24% that they initially had.”