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@vcococ

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TARIFF UPDATE Trump finalizes tariffs with the Philippines, Indonesia and especially Japan - a deal he calls the biggest ever. ๐Ÿ‡ฏ๐Ÿ‡ต Japan - 15% - In exchange for a 15% tariff, Japan has pledged to invest $550 billion in the US. 90% of the profits from this investment will go to the US. - Opens its market to US goods including cars, trucks, rice, agricultural products and other items. - The deal is expected to create hundreds of thousands of jobs for Americans. - In return, 15% is a very low tariff compared to the previous threat of 25%. ๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia - 19% - The detailed terms of the deal reached more than a week ago have been announced. - Accordingly, Indonesia will open its market to US industrial, technological and agricultural products by removing 99% of its tariff barriers.
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