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Showing posts with the label Trade Negotiations

Trump's Claim of $550 Billion Japanese Investment and 90% US Profit Share Sparks Outrage in Japan Amid Trade Deal

Amidst the announcement of an agreement in US-Japan trade negotiations, where automotive tariffs were mutually set at 15%, a social media post by then-President Donald Trump, claiming that 'Japan will invest $550 billion (approximately 80 trillion yen) in the United States, with the US receiving 90% of the profits,' has caused a significant stir in Japan. While Prime Minister Ishiba has lauded this agreement as 'the result of negotiations vital for national interests,' President Trump's specific statement has led to a barrage of criticism on social media, with terms like 'humiliating diplomacy,' 'major loss,' 'exploitation,' and 'extortion' being used. Particularly regarding the claim that '80 trillion yen will be invested with the US receiving 90% of the profits,' questions and concerns have erupted, asking if 'this can even be called an investment' or if it constitutes 'an unequal treaty.' Some have also poin...