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Investment Fund Seals Trade Deal for Japan and Expands Trump’s Influence
Tags: Current Focus, Renewal America, Leadership Skills, Managing Business, United States, Banks / Insurance, Capital Markets, The Economy, Movement for Renewal of America, 2. Cost of Living Action, 3. Income and Wages Fairness, 5. Bringing Jobs and Factories to the US, 6. Capital Allocation for Infrastructure, Goods and Services, 9. The Movement for Global Literacy, 10. Health- Body/Mind Wellbeing for All ,
What should be considered an extraordinary achievement by thinking outside the box by Howard Luttnick alongside Bessent, Greer and Akazawa is correctly reflected in this NYT report by Anna Swanson, when today's WSJ Editorial Board opinion ignores this achievement and criticizes the president. Howard Luttnick a WSJ bond trader and businessman thought up the idea of the investment fund when he realized Japan was not going to give DJT all he wanted to see in opening up Japanese markets to US products. This fund of $400 billion with 50% of profits on investment going to US would be put together by Japan for the US to sign the agreement with just 15% tariff total on Japanese autos and other products. The president calls it a signing bonus.
WSJ Editorial and similar efforts to shortchange DJT tariff efforts to level world trade playing field also belittles the extraordinary effort of Luttnick, Bessent and Jamieson as trade negotiators in getting the deal with Japan for $400-$550 billion. It says DJT was lucky to get the deal when it is clear that Japan is returning the US the favor the US did to Japan, as a true ally should do, aside from US defense of Asia.
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