They Did Deals With Trump to Get Lower Tariffs. Now They Are Stuck.
The New York Times • • general
Key Points:
- President Trump secured significant trade deals early in the week, with Japan committing $36 billion in U.S. investments and Indonesia agreeing to open key economic sectors to American companies.
- These agreements were made under the threat of steep tariffs, with Japan facing up to 35 percent and Indonesia up to 32 percent tariffs.
- Trump praised the developments as evidence that the U.S. was "WINNING again" in trade negotiations.
- However, the momentum was undercut when the Supreme Court struck down the legal basis for Trump's tariffs, casting uncertainty on the durability of the deals.
- Asian governments, eager to protect their export industries, rushed to make concessions but faced domestic backlash for perceived compromises on sovereignty and economic interests.
