Trump’s Japan Trade Deal Raises Fears He Gave Away Too Much
New vehicles bound for shipment at the Port of Nagoya in Tokai, Aichi Prefecture, Japan.
Photographer: Toru Hanai/BloombergUS industries and protectionists are raising alarms with President Donald Trump’s pact with Japan, saying it risks undercutting his stated goals of rebalancing America’s trading relationships and reviving domestic manufacturing.
Trump and his top negotiators on Wednesday hailed the deal as a potential model for other countries hoping to win tariff concessions, citing Tokyo’s pledge to create a $550 billion fund for US investments.