Japan rejects Trump’s commercial demands with looming on the date of the date for the tariff star-news.press/wp

With only one week passed before the deadline of the commercial deal imposed by President Donald Trump on July 9, US negotiations with Japan-again stopped.

Instead, Tokyo is Refuse the proposed conditions for the Trump administration. These include the so -called “voluntary export restriction” that would achieve the number of Japanese cars shipped to the United States, which were presented as a substitute for Trump’s automatic definitions by 25 %.

Why does Japan call Trump’s trick?

Japan refused to accept American conditions is a reaction to What many economists will call economic coercion. The so -called “volunteer” export that the White House will force Japan to reduce its artificial exports, and kneel the main Japanese industry. The apparent alternative provided by the United States will work for Japan to accept a 25 % tariff. Like a cover on exports, such a deal would bow to Japanese auto manufacturers in the most important foreign market.

In the extension, any of the two options will be politically high for Prime Minister Shigro Ishiba, who has already been subjected to the minority government. The elections scheduled later this month. More importantly, Japan does not provide anything meaningful in return. Trump administration’s demands seem to be less negotiations from daring: accepting economic damage, or we will ascend. Now Japan invites the trick.

This will not help that the “Taco” jokes – a shortening of “Trump always goes out” indicates Trump’s reputation in retracting commercial threats – Trading via the prevailing newsNothing about gossip x and relevant social media discussion.

The state of negotiations

As of this week, Japan appears to be preparing to fight a complete tariff. Although Trade Minister Howard Lootnick and Trade Representative, Jameson Jarir, held Tokyo, and refused to budge on what she calls a matter of national importance.

On his part, Trump has turned into another typical approach: submitting claims that prove the title in reality. “We give Japan any cars,” he said During an interview with Fox News. “They will not take our cars.”

However, despite Trump’s claim, Japan does not actually prevent or impose any tariffs on US car imports. While it is true that a few American cars are sold in Japan, This is not because of legal or tax issues. Instead, the issue is the demand. American cars tend to be larger, defend the left, and worse with the built-in roads in Japan and Japanese consumer preferences for very small and fuel-consuming cars-not to mention vehicles with guidelines that are in line with Japanese standards.

Trump, likewise, accused Japan of refusing to accept American rice imports. This is also not true.

On the social truth, it is Japan was accused of rejecting rice Despite the “huge shortage of rice”, he undertakes to “just send them a message.” In fact, Japan is already Hundreds of thousands of tons import We are rice annually under the World Trade Organization agreement. The lack of Japanese rice, which has witnessed the fading of the rear heat waves and the purchase of panic, has ended in recent months as well, which reduced the leverage of Trump that he had hoped to obtain.

However, the Trump rice claim fit a wider style: confident emotional assurances about trade that directly conflicts with official data. Just two months ago, he claimed that the United States “does not need” Canadian cars, wood or energy despite the sharp rise in the three imports, as the new government data showed.

Either way, President Halfa has long drew as a museum of trade, even as American and manufacturers remain highly on the subtle supply chains concerned.

The deadline waving on the horizon?

The administration promised dozens of commercial deals by July 9, the end of the customs tariff for 90 days. So far, it has obtained a limited agreement with the United Kingdom and a temporary convection with China. At the same time, the pressure is escalating. Administration officials 90 deals promised 90 days, It produced only two partial agreements in 83 days.

The idea of ​​that 88 trade deals will come next week It seems unlikely. Like Japanese negotiations, it spoke with Canada, South Korea, Vietnam and even the European Union signs of collapse, while thwarting the allies from mixed messages from the Trump team. Even the Republican Senator He recently admitted that he left a hearing Its purpose, partly, to explain the strategy and objectives of the management – just as it is confused, and not less.

Looking at the future, it seems likely that the administration will move the deadline or may change its demands. Despite the risks of providing supply chains and local offer, the American market reactions to the commercial drama have been kept secret in recent weeks with the popular “Taco” wisdom.