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dalton99a

(90,343 posts)
5. It is huge in Japan as well. The Japanese got screwed:
Mon Sep 15, 2025, 03:34 PM
Sep 15
https://www.nytimes.com/2025/09/11/business/south-korea-japan-trump-trade.html

In South Korea and Japan, Fury at U.S. Fuels Backlash Over Trade Deals
Officials and business leaders in both countries are questioning commitments their governments made to invest hundreds of billions in American manufacturing.
By Daisuke Wakabayashi and River Akira Davis
Sept. 11, 2025

In the span of 24 hours last week, President Trump managed to roil both South Korea and Japan, two longtime allies that less than two months earlier had said they would invest a combined nearly $1 trillion in the United States in exchange for lower tariffs.

Last Thursday, U.S. immigration officials raided the construction site of a major Hyundai-LG plant in Georgia, a flagship project by two of South Korea’s most prominent companies. Hundreds of South Korean citizens were arrested and detained for, according to federal officials, living or working in the country illegally.

On the same day, Mr. Trump signed an executive order enacting a trade deal he had struck with Japan in July, committing Japan to invest $550 billion in the United States. The order codified the reduced automotive tariffs that Tokyo had desperately sought. However, it came with a memorandum of understanding between the two countries stating outright that Mr. Trump, not Japanese officials, will select how the $550 billion will be invested. If Japan goes against his wishes, he will have the right to impose higher tariffs.

In both Japan and South Korea, increasingly vocal leaders in government and business feel their countries were strong-armed and are questioning whether it still made sense to comply with Mr. Trump’s demands.

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