Zero-D chess': Finance exec warns Trump's new trade deal just shafted American cars

[lostincalifornia]

"President Donald Trump announced on Tuesday the agreement of a new 15 percent reciprocal tariffs trade deal with Japan, which was roundly mocked by observers for being worse than the deal the U.S. had with Japan before Trump took office. But this deal does something else he may not have intended, hedge fund manager Spencer Hakimian posted to X: privilege Japanese cars over American ones.

It's a massive reversal from Trump's repeated commitments to adopt "America first" trade policies and encourage domestic production of goods, services, and resources — and it all comes down to simple math.

"Toyota is up +8% on the news of a 15% tariff. Why?" he wrote. "It's simple. Ford, GM, Tesla, and all the other American manufacturers are going to be paying 50% more for their steel, 50% more for their copper, 25% more for their Canadian production, 25% more for their Mexican production, and 55% on their Chinese production. Toyota only has to pay 15% more and they're done with all the shenanigans. Ford has to pay much more than that. A lot more in fact."

https://www.rawstory.com/trump-tariffs-japan/

So let's see, 50% of labor split the vote between VP Harris and the sociopath.

Excellent move labor. Not since you went for Reagan over Carter have they voted so badly against their own interests.

[hildegaard28]

1. Some win

He’s taxing his own people by 15% more. Quite the deal. That’ll show ‘em!

[newdeal2]

2. Exactly! The market is some how up on this news

In what world are 10-20% price increases good for efficient markets and GDP growth? Wall Street is looking the other way by cheering on these developments as positive news.