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US administration reported to be aimless in Japan trade negotiations (www.ft.com)

submitted 5 days ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

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https://v.redd.it/84hevtang4we1

There is no news/public demands from white house. Everything appears to just setup Trump to declare victory no matter what is achieved. Similar to 10 contradicting objectives of tariffs themselves.

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[–] humanspiral@lemmy.ca 4 points 5 days ago (1 children)

More likely, Bessent who probably inherently disagrees with tariffs, simply has to give an offer that will caress Trump's ego, and Trump has no idea what to ask for, other than complain about complete BS.

Trump/Navarro have complained endlessly on auto trade balances with EU and Japan. Never have US auto companies asked the government for "freedom to invest in export into those continents" because it is a big investment (dealers/repair), and US is just not competitive in cars suitable for those markets. Oil companies never shy away from demanding government increase LNG/oil export/drilling permits. Car companies never complaining about lack of foreign market access is simply a reflection of not being all that competitive just in domestic US market.

[–] Typotyper@sh.itjust.works 1 points 5 days ago

Japan also drives on opposite side of the road compared to the US. Standard US models would have to be reworked