Japan Can’t Get an Answer on What the US Wants From a Trade Deal: Report

[Say it aint so]

Japan Can’t Get an Answer on What the US Wants From a Trade Deal: Report​

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Last week, Japan sent its chief trade negotiator to Washington to speak with US leadership regarding a trade deal. Reports indicate the reason no deal has been reached is that Japan hasn’t gotten a firm, consistent answer on what the US wants.​

Economic Revitalization Minister Ryosei Akazawa was in Washington DC until Friday last week but left without finalizing a deal with Trump’s trade teams. This morning, Fox Business Senior Correspondent Charles Gasparino reports that Japanese negotiators left frustrated and complaining about a lack of information.​

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“Japanese negotiators are complaining that the problem with the trade negotiations with the White House, what’s delaying concrete progress and a real deal, is the US keeps changing its ask in terms of exactly what it wants, said one financial CEO who speaks regularly to country officials,” Gasparino posted on X, formerly Twitter. “Maybe it’s a negotiating tactic. But the lack of publicly announced deal progress is depressing the dollar, spiking bond yields and leading to a flight to quality to gold and now Bitcoin.”​

I am literally at a loss for words of how incompetent this whole Trump administration is, as it leaves the market in dire straights and as American companies one after another announce layoffs.

 

[Fantine]

Because the US has all those bases, he figures he can extort anything. All the pearls in the Sea of Japan.
Trump hotels tax free forever, in Osaka and Tokyo.
Agreements prohibiting them from dumping US Treasuries--forever.
Probably more that I, not being devious, can imagine.