Public sentiment is predominantly negative regarding the recent trade agreements between the US and Japan. Many commenters express skepticism about the benefits to American consumers, highlighting concerns over rising prices due to tariffs. Commenters feel the deals favor Japan at the expense of American consumers, leading to frustration and distrust towards the administration's trade policies. While there are some optimistic views regarding potential benefits for the automotive industry, these are overshadowed by widespread apprehension about long-term economic impacts and lack of transparency.

US Government

Japan

55% is insanely high. And I find it hilarious how Trump is framing it as a political win by saying, "We are getting a total of 55% tariffs." The American people are effectively being penalized with a 55% federal sales tax. This is a huge loss for working class Americans.

https://preview.redd.it/w76r0ifzra6f1.png?width=1214&amp;format=png&amp;auto=webp&amp;s=731391b50438c69b823b7b0c1b9f9721f6c0ec3c

crownpuff

Cainiao just announced a duty free ocean cargo line today. Tariff avoidance is the new meta.

LVXSIT

This isn't the final deal, right? It's just sort of a "descalation" deal?

Imaginary-Cook380

dirtydriver58

Honestly, Bangladesh should work with China to improve its economy, security, and business sectors. Making deals with the US with all of these restrictions could, in the long term, make it difficult to work with other regional partners. It also makes it seriously difficult to get out of such agreements.

Public_Letterhead_35

Time for Bangladesh to join the 21st century

del_snafu

Even if this is true, what choice have we? Let our factories go under, millions go jobless and economy already so fragile collapse. Become like another failed African state? 

Our sovereignty is indeed worth our lives. But about the children? What do we do if we give them a quality of life worse than what our parents gave us! We fought and laid down our lives because we wouldn't accept a shrink in our already tight job market, should they go through even worse with all businesses destroyed and economy? What about the poor and needy, let them starve to death? While we escape to the very country that caused the destruction of our own?

We must be realistic, pragmatic and calm-headed. Canada repealed a law passed by Parliament because Trump went on rant in X, German Chancellor blamed his own country of free loading the US. Do this countries have sovereignty? Who knows? 

But what we know is Germans and Canadians enjoy a quality of life tremendously better than ours. So from the perspective of their governments maybe bending the knee is worth it. 

I don't say give up! We shall endure and survive. But for the moment, we must carefully tread these uncharted waters. In the end, that guy will be in 4 years.

BorishaillaMonu

None of this is acceptable within the norms of a trade agreement. It should not be signed. Bangladesh would be signing away her sovereignty.

lelouch312

I got this a week ago. I have been saying this for a year rn that US is trying to fuck us up with Dr.Yunus.

Cold_Emotion7766

Please share the source. I couldn't find the report you mentioned on Bangla Outlook website.

Brilliant-Speech-456

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AutoModerator

US is disrupting every country they are in active trade with. As we depend so much on US trade, we are doomed.

TheHasanZ

[deleted]

Is there any source link for the press briefing?

Useful-Extreme-4053

Wow, a tariff that's higher than the baseline he's already put on the country? Good news!! /s

JH_1999

https://preview.redd.it/w2ii94p45hef1.png?width=582&amp;format=png&amp;auto=webp&amp;s=380cdbd3bc8e7d3d4adc8a9b2c7ceb5d3be383b3

mostanonymousnick

Little thing but credit to the article for saying American businesses pay the tax

UmpireKey92

This is so bizarre lol.  American people and business are not consulted, why does Philippines even care?

Just make a VAT America.  Every other country does it.  Its what you really want.

dittbub

&gt;Shortly after, he also revealed more detailed terms of an agreement with Indonesia.

&gt;Both agreements call for 19% tariffs on goods the US imports from the two countries, paid by American businesses, while American goods shipped there won’t be charged a tariff.

Wow. This is incredible mister president. Thank you very much

ComprehensiveHawk5

I thought they already decided on a default 10% world tariff. I cant keep track anymore.

AI_Renaissance

So let me get this straight.

We send a lot of money to Vietnam. In return, Vietnam sends us a bunch of stuff that we ordered, such as shirts.

This is apparently grossly unfair; therefore we are going to put a 46% tax on everything Vietnam sells us, making it more expensive for us to buy anything from Vietnam.

Vietnam is now punished for the terrible sin of selling us stuff we wanted to buy in the first place, and they are really going to hurt because we pay such a high tax every time we buy a Vietnamese shirt that we'll stop buying them. Right?

No, that's not how it works.

The "logic" of tariffs is that American businesses will see an opportunity: now that Vietnamese shirts are more expensive, they are going to scramble to open new factories on US soil to manufacture shirts not subject to the tariff. But of course, no one in America wants to work for $2/hour (roughly the high end of wages of a Vietnamese factory worker). The lowest minimum wage is $7.25, 4 to 6 times the Vietnamese wage. So the American shirts would still cost far more than Vietnamese shirts, even taking into account the price increase on Vietnamese shirts due to the tariff, and no one would buy them. So no American shirts are going to get made.

So, who benefits from all this?

Well, there won't be any new American jobs. But there will be LOTS of money pouring into the government coffers due the tariffs. Which means that Congress can pass the tax cuts on the wealthy it's been planning all along and not have to worry about increasing the national debt. Trump, Musk, and the other very wealthy people who run the world get richer, and the rest of us get poorer.

snic09

Are you not feeling liberated today? My IRA certainly is. Much lighter!

pocketdare

Elect a clown, get a circus. No surprises here.

Putrumpador

And they likely used ChatGPT to determine which tariffs the countries received!!!

[source](https://www.theverge.com/news/642620/trump-tariffs-formula-ai-chatgpt-gemini-claude-grok)

swims_with_sharks

Finally, Madagascar gets its comeuppance.

Ribbitor123

So how much more of this before the dollar gets ditched as a reserve currency with most of the world?

i_drink_wd40

China’s is actually the highest, as this goes on top of their existing 20% tariffs, making it 54%.  Fantastic.

SuperBethesda

John, I told your if you are mean to your friends they will not invite you to their parties anymore.

redy__

The only inanimate object that's non-compliant with the US-Mexico-Canada trade agreement is the one occupying the US White House.

romeo_pentium

And all those countries getting 10% tariffs, something like 115 or so? The US has a trade surplus with them…the “tariff” formula the Whitehouse released is really just a calculation of the trade surplus/deficit for that country as a percentage of US imports. Rather than give them zero, they just made all these countries 10% anyways. So punish countries that sell you more than they buy, and punish the countries who buy more of your stuff than you buy from them. 

You can’t make this up. Except that the tariff expert Peter Navarro refers to in his book that Jared Kushner found when looking for an economic advisor for Trump ‘16 is in fact a sock pocket, an anagram of Navarro, Ron Varo. Totally made up. 

Wild world.

FishPharma

It's important to remember that the price increases US consumers see from tariffs in effect cause all prices to rise. 

Imagine an industry where both imports and domestic products compete, like AWD cars. It's a competitive market, but Korean and Japanese vehicles make up the bulk of the offerings, with some produced in the US, and some produced either in Mexico or Asia.

Imagine all those increase by 20-30%. The companies with offerings made in the US now enjoy an advantage perhaps, once accounting for increased cost of foreign microchips, steel, and parts. Assuming they CAN produce at a similar cost as before (not a safe assumption), I see no reason why they'd pass the relative savings on to the consumer.

Competition decreases as foreign firms lose competitiveness. The domestic firm can now increase their prices and still stay below the foreign price. Of course, the foreign firm could build a new US factory and move production, but that's a decision that takes years of planning, and confidence that the tariff regime will stay in place long enough to see those plans pay off. 

In the end, that may be the worst part of all this. Like persistent inflation, tariffs can be planned for, but that would require a responsible, stable US govt. We have the opposite.

So instead, all parties involved are more likely to withdraw and avoid investment. Consumers, because they see rapid price fluctuations, foreign firms who can't rely on a stable tariff regime, and domestic firms who don't want to invest, only to see the tariffs reversed and their advantage disappear. 

Chaos and uncertainty causes everyone to make conservative decisions, reducing spending. And as my spending is your income and vice versa, the whole economy slows down.

Jealous_Tutor_5135

Hmm it’s as if tariffs generate a huge amount of additional revenue for the federal government

Shaft2727

Recent US developments include a strategic trade agreement with Japan and potential EU counter-tariffs, indicating shifts in trade policy amid rising tensions.

US Trade Relations and Tariff Agreements

Why This Matters

Public Sentiment Summary

Highlighted Comments

Parties Involved

What the people want