Reposted by Sarah Grohmann
Tariffs on Japan were 2%. The right way to say this: Trump raises tariffs on Japan by 650%. And a car's price will increase well over 10%, with consequent inflation. Some deal.
Trump and Japan reach trade deal with 15% tariff on imports www.nbcnews.com/business/bus...
nbcnews.com
Trump sets 15% tariff on Japanese imports as part of investment agreement
15% would be less than the tariff rate Trump previously threatened to impose on Japan, a key U.S. ally.