Let's talk about automakers rolling over Trump's trade deal....
Belle of the Ranch
Belle of the Ranch
4.9 • 1K Ratings
🗓️ 25 July 2025
⏱️ 4 minutes
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Summary
Let's talk about automakers rolling over Trump's trade deal....
Transcript
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| 0:00.0 | Well, howdy there, Internet people, it's fell again. |
| 0:04.8 | So today, we're going to talk about Trump getting rolled by Japan. |
| 0:10.7 | Trump finally got a trade deal, and the releases were massive. |
| 0:15.6 | But trade deals are about details, and the details say that Trump either got played by Japanese negotiators. |
| 0:23.8 | He truly doesn't understand how tariffs work, or he has given up on helping American auto |
| 0:30.3 | companies. Japanese cars and car parts will face a 15% tariff. Previously, it was around 27.5%. American companies assembling |
| 0:42.7 | in Canada and Mexico will face a higher tariff than Japan. The American Automotive Policy Council |
| 0:50.3 | represents American companies like Ford, General Motors, and Stalantis. |
| 0:56.8 | President of the AAPC, Matt Blunt, spoke bluntly. |
| 1:02.0 | Quote, American automakers still need to review the details of the U.S. Japan Agreement. |
| 1:09.2 | But any deal that charges a lower tariff for Japanese imports with virtually no U.S.-Japan agreement. But any deal that charges a lower tariff for Japanese imports |
| 1:13.1 | with virtually no U.S. content than it does North American-built vehicles with high U.S. content |
| 1:20.3 | is a bad deal for the U.S. industry and U.S. auto workers. |
| 1:26.0 | Dropping the Japanese tariffs comes after he did something similar with the tariffs impacting |
| 1:31.9 | mainly English luxury brands like Bentley and Rolls and so on. |
| 1:37.3 | Those tariffs dropped to 10%. |
| 1:39.5 | Blount explained that the American auto industry was worried Trump was making mistakes. |
| 1:46.0 | Quote, we said then we didn't want that to become the precedent for other trade deals. |
| 1:53.4 | Trump seems to think the deal will open Japan to U.S. cars. |
| 1:58.2 | However, there are technical non-tariff barriers like certification procedures, |
| 2:04.0 | limited dealerships, and the fact that U.S. cars aren't generally sought by Japanese buyers, |
| 2:10.2 | that are a bigger impediment to U.S. trade there. Or as Blunt said, quote, |
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