- 14 Mar 2002
- 21,056
- 18,911
- Thread starter
- #226
Richard Katz explains what happened. This will not go down well in Japan.
How is it even possible that the issue of "stacking" has not been raised in the more than half a dozen meetings they have had??
richardkatz.substack.com
Yomiuri suggested exactly what @Lothor mentioned above:
With "friends" such as these, you don't need enemies.
Donald Trump has done it to Japan again. Tokyo believed it had negotiated a promise that Japan and the EU would get the same maximum tariff on virtually all items in Trump's country-wide "reciprocal tariffs." Tariffs below 15% would be raised to 15%. Tariffs that were above 15% before Trump took office would go no higher. Trump did keep his promise to the EU, but not Japan, when he issued his official Executive Order. When it comes to Japan and every other nation outside the EU, the Executive Order says that 15% is applied in addition to existing tariffs, a procedure called "stacking." For example, Japan's beef exports to the United States were subject to a 26.4% Most-Favoured-Nation tariff. Instead of staying at 26.4%, the tariff will go to 41.4%. On textiles, the tariff will go from 7.5% to 22.5%. This stacking only impacts a minority of Japan's exports. However, it occurs in politically sensitive sectors. More importantly, it is seen by Japan as a violation of trust. There have been so many such "violations" that the Japan Times reported, "Some analysts wonder if the agreement could collapse altogether.
How is it even possible that the issue of "stacking" has not been raised in the more than half a dozen meetings they have had??
"Broken Promise": Trump Denies Japan The Tariff Deal Given To the EU
I Am Cited By New York Times About Tariff Impact on Japan
Yomiuri suggested exactly what @Lothor mentioned above:
An editorial in Yomiuri, a conservative newspaper traditionally very supportive of the US-Japan relationship, stated, "It is necessary to devise a strategy to reduce dependence on the United States, expand sales channels to other countries and regions, and continue economic growth."
With "friends" such as these, you don't need enemies.

