U.S., Japan Ink Limited Trade Deal: What It Is and What It Isn't

The video discusses a mini trade deal between the US and Japan, highlighting its limited impact on the trade deficit and agricultural trade, particularly wheat. It notes that the deal does not address auto exports, a significant part of the trade deficit. The President's focus on tariffs and his previous withdrawal from the Trans-Pacific Partnership are also discussed, emphasizing the deal's limited scope and the need for ratification.

What is the significance of Japan in the context of US trade?

• Japan has a trade surplus with the US.

• Japan is not a significant trading partner for the US.

• Japan contributes to the third largest trade deficit for the US.

• Japan is the largest trading partner of the US.

What was a major focus of the US-Japan trade deal?

• Reducing tariffs on Japanese cars.

• Establishing new technology trade agreements.

• Enhancing military cooperation.

• Increasing US agricultural exports, especially wheat.

How did the US withdrawal from the Trans-Pacific Partnership affect the trade deal?

• It allowed the US to negotiate better terms.

• It resulted in a complete halt of trade with Japan.

• It had no impact on the trade deal.

• It led to a need to renegotiate terms to regain previous trade positions.

Which industry was notably absent from the US-Japan trade deal?

• Automobile

• Pharmaceutical

• Textile

• Technology

What concern did the President express regarding the trade with Japan?

• The surplus of US agricultural products in Japan.

• The imbalance in the trade of cars and wheat.

• The high tariffs on US electronics.

• The lack of Japanese investment in the US.