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The John Batchelor Show

Preview: Colleague Liz Peek comments on the report that Japan is first to seek an accommodation on tariffs. More

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 8 April 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Preview: Colleague Liz Peek comments on the report that Japan is first to seek an accommodation on tariffs. More.
1930 TOKYO

Transcript

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0:00.0

Welcome to the Affair Podcast. I'm Anna Williamson. Now, if you don't know me, I'm a relationship

0:07.1

therapist, coach and TV personality. One in five people have admitted to having an affair.

0:14.0

Each episode features a different real-life affair story told by the people involved and offers

0:20.1

insights into the emotions, causes and consequences

0:23.1

of infidelity in today's world. Available to listen to on Apple Podcasts, Spotify, Amazon Music,

0:29.9

or wherever you get your podcasts. This is John Batchel, a conversation with my colleague Elizabeth

0:36.9

Peake about the report from Washington

0:39.5

that Japan is first up, first in the room, to negotiate on the other side of Liberation Day.

0:46.6

Liz regards this as very good news.

0:49.4

No other country brings to the table what Japan does in terms of industrial might, but then there's

0:55.7

protectionism, much to discuss. Japan first goes to report. Here's Liz. Yeah, sure, because,

1:04.1

number one, it's an ally country. It's a very important country right now as we confront

1:10.0

China's growing influence and efforts to dominate Asia,

1:15.6

Japan is a very important ally, as is South Korea. So I think going to war with them over trade would be very, very harmful to both countries.

1:24.6

They do have a substantial trade imbalance with the U.S.

1:29.3

Their deficit with the U.S. is around $63 billion. It's not certainly the biggest out there,

1:34.3

but it's substantial. And by the way, it is a renowned country for being protectionist.

1:43.3

They protect their farmers, they protect their manufacturers,

1:46.1

they have ridiculous tariffs and barriers to entry on all kinds of products. And so, yeah,

1:52.5

I think that's a very good place to start because it can kind of become the model for what

1:57.8

kinds of deals can be struck.

2:03.2

Welcome to the Affair Podcast.

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