Looking A Gift Horse In the Mouth
I don't want to be ungrateful, but let's examine the trade deal between the US and Japan, and why I don't like it.
For starters, the actual deal is 1% to 2% of what Trump announced, and the the rest is in the form of future bank loans, IF these loans make sense.
But it's better than nothing, right? That's just it, it wasn't like there was nothing. Japan had already invested close to $800B in the US, and most of it hinges on technology moving toward renewables, EVs, batteries, generation technology, etc.
ALL areas where it did not take any arm twisting on our end, because it made sense.
The Japanese economy must complete against China's technology, and the latter is all in on renewable/EV/Batteries.
And that's why money kept flowing from Japan to the US.
And why nearly and actual $800B flowed from Japan to the US during the previous administration.
But the Trump deal is conditioned on moving the clock back, and "drill baby drill", which means that remaining 98%-99% of the deal is not likely to happen, because no Japanese banking authority is going to bet on the horse that's puking its guts out.
I could also bring up the issue of the other gift horse, AKA the "free" luxury 747, but I don't want to totally scramble MAGAs brains.
So, MAGA, enjoy your fake videos of Trump chasing Obama's Bronco, because that's all you've got.
For starters, the actual deal is 1% to 2% of what Trump announced, and the the rest is in the form of future bank loans, IF these loans make sense.
But it's better than nothing, right? That's just it, it wasn't like there was nothing. Japan had already invested close to $800B in the US, and most of it hinges on technology moving toward renewables, EVs, batteries, generation technology, etc.
ALL areas where it did not take any arm twisting on our end, because it made sense.
The Japanese economy must complete against China's technology, and the latter is all in on renewable/EV/Batteries.
And that's why money kept flowing from Japan to the US.
And why nearly and actual $800B flowed from Japan to the US during the previous administration.
But the Trump deal is conditioned on moving the clock back, and "drill baby drill", which means that remaining 98%-99% of the deal is not likely to happen, because no Japanese banking authority is going to bet on the horse that's puking its guts out.
I could also bring up the issue of the other gift horse, AKA the "free" luxury 747, but I don't want to totally scramble MAGAs brains.
So, MAGA, enjoy your fake videos of Trump chasing Obama's Bronco, because that's all you've got.