Close Menu
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

TCS: Indian AI-led technical shooting could derail middle class dreams

Lala Trump Senate decision: Trump’s stepdaughter Lala has just made a bold political move, and it’s turning his head

There are no more tech jobs in India, Donald Trump tells Google, Microsoft and others to focus on Americans

Facebook X (Twitter) Instagram
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
Facebook X (Twitter) Instagram Pinterest Vimeo
Karachi Chronicle
  • Home
  • AI
  • Business
  • Entertainment
  • Fashion
  • Politics
  • Sports
  • Tech
  • World
Karachi Chronicle
You are at:Home » How Japan shaped Trump’s perspective on tariffs
World

How Japan shaped Trump’s perspective on tariffs

Adnan MaharBy Adnan MaharFebruary 8, 2025No Comments6 Mins Read0 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email


Nada tawfik

New York correspondent

Getty Images Black and White Photographs of Donald and Ivana Trump stepped out the Princess Trump yacht. She is wearing a dress and he is wearing a dark suit with a white tie. The yacht is white and the ocean is in the background.Getty Images

Donald and Ivanat Trump disembark from Trump Princess Yacht in New York in 1988

When Donald Trump’s fortunes reached a recession in the 90s and he needed to raise cash quickly, he sailed the 282-foot (85m) superyacht, Princess Trump, who was the wealthy Japanese man. They sailed to Asia in hopes of attracting people.

It was not the first time a businessman has searched for Japanese buyers and lenders for his project.

In the world of New York’s real estate cutthroat, Trump has taken the front row seating from the 5th Avenue skyscrapers of iconic American brands and properties of the 80s, including the Rockefeller Center. I had it.

That was when his worldview on trade and his allies formed, and his entrenchment began to occur on tariffs, a tax on imports.

“He had an incredible responsiveness in Japan,” says Barbara Res, former executive vice president of the Trump organization.

He jealously saw Japanese businessmen being considered geniuses, she says. He felt that America was not getting enough to support its allies in military defense.

Trump often complained that he struggled to do business with a large group of Japanese businessmen.

“I’m tired of watching other countries tear the US apart.”

Trump’s quote may have been pulled from 2016, but in reality he first appeared as a potential presidential candidate since the late ’80s when he appeared on CNN’s Rally King Live.

Trump opposed American trade policy in his 1987 book The Art of the Deal., as he shared his business philosophy.

Before Oprah Show’s live studio audience, in an animation interview with Oprah Winfrey, he said he would handle foreign policy differently by “paying an equitable share” to allies of the country.

He added that while Japan “dumps” products into the American market, there was no free trade when it was “unable to do business.”

Getty Images Donald and Ivanat Trump were sitting in chairs on Oprah's set. He wears a dark suit and a red tie. She wears a red suit.Getty Images

Donald and Ivanatulump at the Oprah Winfrey Show in April 1988

Jennifer Miller, an associate professor of history at Dartmouth University, said others shared concerns about the economy at the time.

Japan provided competition for US manufacturing, particularly in home appliances and automobiles. With US factories closed and new Japanese brands entering the market, critics were talking about Japan surpassing the US as the world’s leading economy.

“Trump is a symbolic of many people asking questions about American leaders in the US-led international order, and whether it actually served the United States,” says Professor Miller.

Before Oprah’s appearance, Trump had spent nearly $100,000 to release an “open letter” in full-page ads in three major US newspapers.

The headline says, “There is nothing wrong with America’s foreign defense policy.

In it, he said that Japan and other countries had been using the United States for decades. He argued that “Japanese people are not hampered by the enormous costs of protecting themselves (as long as the US does it for free), they have built an unprecedented surplus and powerful, vibrant economy.” did.

Trump believed the obvious solution was to “tax” these wealthy nations.

“The world is laughing at American politicians because we are destined for allies that don’t help us protect ships we don’t own, can carry oil we don’t need, and are destined for our non-help allies,” he wrote Ta.

Watch: Donald Trump was interviewed in 1998 in a BBC interview with the surviving financial loss

Trump’s tariff details

Professor Miller said the ad served as a powerful introduction to Trump’s foreign policy vision. Allies were freeloaders, and Zerosum’s belief that the liberal internationalist approach that had dominated since World War II was weak and stupid in a competitive world. He argued that the solution was a more aggressive and protectionist trade policy.

“I think that’s one of the reasons why he loves tariffs so much. They fit his own sense, not just his trading ideology. “And the possibility that tariffs could be threatened. The fact that there is. They can hang in other countries.”

Clyde Prestwitz led negotiations with Japan as a counselor for the Secretary of Commerce during the Reagan administration. A longtime critic of free trade policy, he said no intellectually serious person belongs to Trump or his simple approach. He argues that the president does not provide a real solution to the issues he raised.

“The tariffs are flashy things you can say, and seeing what I did, I smacked those guys. So you can be a tough guy.

Prestwitz believes the real problem at the time was that despite complaining about unfair trade, the United States lacks a strategic manufacturing policy.

Of course, Japan’s fear of rising has subsided over time, but now it is an ally. Instead, China is the most intense corporate competitor in the United States. This week, Trump welcomed the Japanese prime minister into his oval office as one of his first foreign visitors.

A composite photo of President Trump and Prime Minister Isba Getty ImagesGetty Images

Trump and Prime Minister Isba

But Donald Trump’s philosophy of governance is the same as when he was a young real estate developer. He believes in tariffs as strongly as the tools to open markets in other countries and pressure them to reduce the trade deficit.

“He always says this to those who listen whenever he asks. That’s true for 40 years. The conservative economist at the American Enterprise Institute.

He says that students often share intuitive thoughts about Trump’s economy, and one of the major challenges professors face is to convince them that their understanding is wrong. .

Strain believes he is confident of skeptical lawmakers, business leaders and economists for his decades of embracing Republican free trade despite Trump’s party holdings. He says he doesn’t think so.

His view that foreign imports are bad, that the scale of the trade deficit is a useful measure of policy success, or that ideal conditions for the US economy only import goods that cannot be physically physically in the US. His view remains that it is to do.

Strain believes the threat of increasing tariffs from US allies could reduce business investment and weaken international alliances.

Joseph Lavona, chief economist of the National Economic Council during Trump’s first term, has been focused on tariffs and has not made enough attempts to understand the full picture of what Trump is trying to achieve. I think so.

He says the president wants to stimulate domestic industries, particularly high-tech manufacturing.

The administration, if enacted by Congress, could use tariffs to encourage more businesses to come to the US, combined with deregulation, cheaper energy and lower corporate taxes. There is.

“I think President Trump understands that it’s very important to be a businessman and is a transaction. That’s theoretically great, but in the real world, fair trade is not a problem. It is necessary, and it is a level playing field.”

He bets Donald Trump is right. Few Republicans have publicly opposed the president because he demanded loyalty to his agenda.

Still, some silent people realize that their members could be affected by price increases, and hope that they can persuade Trump not to chase his beloved tariffs. I’m here.



Source link

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleReal Madrid’s Future Luka Modric makes a big decision about Real Madrid’s future amid interest from the Boyhood Club
Next Article China opposes our forced efforts to weaken the BRI and regrets withdrawing Panama from BRI under pressure: FM
Adnan Mahar
  • Website

Adnan is a passionate doctor from Pakistan with a keen interest in exploring the world of politics, sports, and international affairs. As an avid reader and lifelong learner, he is deeply committed to sharing insights, perspectives, and thought-provoking ideas. His journey combines a love for knowledge with an analytical approach to current events, aiming to inspire meaningful conversations and broaden understanding across a wide range of topics.

Related Posts

TCS: Indian AI-led technical shooting could derail middle class dreams

July 28, 2025

Israel has Iron Dome, Arrow, Tard and Russia, while the US has a Golden Dome… But what is the Indian plan? The Deputy Chief of the Army makes a big statement

July 4, 2025

Lockheed Martin loses bid for the sixth generation fighter jet, but forgets the F-35 Plus program

July 3, 2025
Leave A Reply Cancel Reply

Top Posts

20 Most Anticipated Sex Movies of 2025

January 22, 2025186 Views

President Trump’s SEC nominee Paul Atkins marries multi-billion dollar roof fortune

December 14, 2024106 Views

Alice Munro’s Passive Voice | New Yorker

December 23, 202468 Views

How to tell the difference between fake and genuine Adidas Sambas

December 26, 202456 Views
Don't Miss
AI June 1, 2025

Dig into Google Deepmind CEO “Shout Out” Chip Engineers and Openai CEO Sam Altman, Sundar Pichai responds with emojis

Demis Hassabis, CEO of Google Deepmind, has expanded public approval to its chip engineers, highlighting…

Google, Nvidia invests in AI startup Safe Superintelligence, co-founder of Openai Ilya Sutskever

This $30 billion AI startup can be very strange by a man who said that neural networks may already be aware of it

As Deepseek and ChatGpt Surge, is Delhi behind?

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

About Us
About Us

Welcome to Karachi Chronicle, your go-to source for the latest and most insightful updates across a range of topics that matter most in today’s fast-paced world. We are dedicated to delivering timely, accurate, and engaging content that covers a variety of subjects including Sports, Politics, World Affairs, Entertainment, and the ever-evolving field of Artificial Intelligence.

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

TCS: Indian AI-led technical shooting could derail middle class dreams

Lala Trump Senate decision: Trump’s stepdaughter Lala has just made a bold political move, and it’s turning his head

There are no more tech jobs in India, Donald Trump tells Google, Microsoft and others to focus on Americans

Most Popular

ATUA AI (TUA) develops cutting-edge AI infrastructure to optimize distributed operations

October 11, 20020 Views

10 things you should never say to an AI chatbot

November 10, 20040 Views

Character.AI faces lawsuit over child safety concerns

December 12, 20050 Views
© 2025 karachichronicle. Designed by karachichronicle.
  • Home
  • About us
  • Advertise
  • Contact us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.