By on March 16, 2018

Steel Worker

Earlier this month, President Trump signed an executive order imposing a 25 percent tariff on foreign steel and a 10 percent tariff on foreign aluminum. Hoping to receive an exception, the Japanese auto lobby warned that the U.S. import tax would definitely inflate the price of models built by the companies it represents. That’s bad news.

However, the White House has already omitted its NAFTA partners from the tariffs, adding that it would consider further exceptions based on countries’ contributions to U.S. national security, military alliances, trading history, and how much they pay into strategic alliances like NATO.

While Japan is a longtime trading partner with the U.S., there currently exists a $69 billion deficit between the two countries. Trump also bemoaned Japan’s unwillingness to accept American imports. Still, the two have shared military alliances throughout the 20th century, with one ugly exception during World War II. They currently operate under the Treaty of Mutual Cooperation and Security and the U.S. currently considers the Japan one of its closest allies, despite it not being a NATO member — placing it in reasonably positive standing for tariff exceptions.  (Read More…)

Recent Comments

  • Luke42: @slavuta, “Delta is a new bogeyman. Nothing to fear. Just look at Israeli data. Cases- yes. Deaths –...
  • Luke42: “blind sheep here will happily go along with government overreach like it’s normal.” Wearing a...
  • EBFlex: Not sure why common sense and data interpretation is so foreign to you. Again, my state and the moronic lib...
  • kc27: EBFlex mentioned “As before, it’s all about control.” Citizens were “controlled” to...
  • EBFlex: “ The hospital my girlfriend works for has put its’ employees on notice that they have until November to get...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber