Hey, everybody. I'm Kimberly Adams. Welcome back to Make Me Smart, where we make today makes sense. And Sabree Beneshore is joining me on the show today. Hey, Sabree. Hi, Kimberly. Hi. It's good to be back. Thanks everyone for joining us. It is Wednesday. It's only Wednesday. July 23rd.

Oh, my gosh. Today we are going to do some news. We are also going to celebrate a win. Let's start with the news. You've got the big news. We actually finally seemingly have some trade deals, maybe, kind of, sort of.

Yeah. Philippines, Indonesia, and most notably Japan. So the deal there is this.

Japan, instead of getting 25 or 27.5% tariffs put on goods from it coming to the U.S., that

tariff will be 15%, which is a lot higher than the

2.5% that has been hidden place historically, but that's for cars in particular, but it's,

it's better than what was threatened. So that's what Japan's getting, and what the U.S. is getting is more access for U.S.

agriculture and cars into the Japanese market.

And Japan is promising to invest $550 billion in loans and, you know,

focusing on pharma, semiconductors. This is money they're going to spend in the U.S.?

Yes. Now, here's the thing. So Japan is already the top investor in the U.S. out of all the countries in the world. So by last year, it had $819 billion invested already in the U.S. and that had grown by 50 percent between 2018 and 2023. And Japan, by the way, is also the number one employer

in the U.S. manufacturing sector and has been for 16 years. So I am wondering if this is going to be

$550 billion that was not going to already be spent, be invested, you know, or, or is it just kind of a reshuffling

what was going to happen anyway? Which we've seen a lot in the tech sector in particular.

Yes. With like all the announcements there. Yes, exactly. Yes, this factory opening,

this investment happening, and it turns out it was, you know, already in the works. That's pretty common in these deals. So that's where we are. I think the main thing that people are taking from this is just, okay, it's not great, really. You know, tariffs are taxes.

You know, a whole slew of challenges come from it for both sides.

But it's here.

It's a number.

It's settled.

And that, I think, has been what at least Wall Street has been craving is some kind of certainty. So they're getting that,

at least. Now, zoom out for me here because this whole argument, no, granted Trump has given

...