Japan struck a controversial trade deal with the US, agreeing to funnel $550bn into American projects by Jan 2029. In return, it avoided harsher tariffs but still faces a 15% levy.
The memorandum of understanding (7 pages, poorly drafted) gives Trump near-total discretion over how Japan’s money is spent, with the US taking 90% of returns while Japan gets only 10%.
The document remains unpublished, fueling criticism that Japan was coerced into a lopsided agreement dressed up as “friendship“.
Shougee369 on
should have asked it back in the 80s
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Japan struck a controversial trade deal with the US, agreeing to funnel $550bn into American projects by Jan 2029. In return, it avoided harsher tariffs but still faces a 15% levy.
The memorandum of understanding (7 pages, poorly drafted) gives Trump near-total discretion over how Japan’s money is spent, with the US taking 90% of returns while Japan gets only 10%.
The document remains unpublished, fueling criticism that Japan was coerced into a lopsided agreement dressed up as “friendship“.
should have asked it back in the 80s