Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Demovictory9

(36,798 posts)
Wed Jul 23, 2025, 01:45 AM 8 hrs ago

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

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

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


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."


In other words, Hakimian said, "We've given a Japanese car company an advantage over American car companies. All in hope of bringing auto jobs back to America. 0D Chess."

2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
'Zero-D chess': Finance exec warns Trump's new trade deal just shafted American cars - Raw Story (Original Post) Demovictory9 8 hrs ago OP
Is pootin happy yet. SheltieLover 7 hrs ago #1
This is such a scary time, JMCKUSICK 5 hrs ago #2

JMCKUSICK

(3,182 posts)
2. This is such a scary time,
Wed Jul 23, 2025, 04:31 AM
5 hrs ago

This Country is literally being pulled up by the roots in a way that is causing permanent damage.

Latest Discussions»General Discussion»'Zero-D chess': Finance e...