Analysts also think that this threat is a negotiating tactic to improve the chances of being included in the exemption list. The tactic comes a big change from Tokyo’s usual quiet tone.
Global Trade War?
Yoshihide Suga is Japan’s government spokesman. He tated that their government is thinking of taking the necessary steps based on World Trade Organization rules. But he also said that they haven’t made the final decision about their retaliatory steps.
In March, President Trump decided to impose import taxes of 10% on aluminum and 25% on steel. This move drew criticism from all over the world. Many accuse Trump of increasing the risk of a trade war globally.
China also increased taxes by up to 25% of the 128 products that comes from the United States.
Questions from the American People:
Trump is a businessman. Is he looking at these tariffs from a business perspective or a state perspective? Is there a difference?
Will taxes on imports help the American economy more than taxes on exports will hurt us?
