Even after unparallel warnings by experts and analysts across the globe , America’s ‘adamant’ president is ready to take its trade war to an exceedingly different level , as per a recent interview to a famous editor James Freeman ,Trump is skeptical of Japan’s surging surplus which amounted to $68.8 billion in 2017.
Japan and US were seen as nations having ‘good relations ‘ with each other but Trumps remark is the column states otherwise , according to the column Trump insinuated while being asked about Washington’s relationship with Asian countries “ofcourse that will end as soon as i tell them how much they have to pay”.
The statement might hint at the colossal wreck that is posed on China that has been slapped with trade tariffs worth $200 billion offlate .Trump is also mulling over hurting countries with auto tariffs , all this in the wake of ‘protecting the American ‘ economy from ‘unfair’ trade practices.
While several American firms are apprehended as to the impact of Trump’s tariff spree with Apple , dell and several others suggesting the American administration to find alternative solutions to trade wars, there seems to be no linency in the tariffs .
Trump reiterated to the suggestions of corporates by suggesting a ‘American first ‘ and ‘make in America ‘ approach.
Japan is the world’s third largest economy may be hit by car tariffs in the near future , nearly $40 billion worth of Japanese autos are imported in the US every year , with Trump decrying the ‘threat’ that car imports pose to the national security of Washington , while the Japanese counterpart has denied all the allegations imposed by the US.