Tariff Cuts Would Help U.S. and Japan Reach Trade Deal: Feldman

The transcript discusses trade negotiations between the US and Japan, focusing on the potential for tariff cuts and the political dynamics involved. It highlights the importance of diplomatic relations between leaders and the impact of economic factors like GDP and VAT on trade deals. The discussion also touches on the TPP negotiations and the challenges of fiscal reform in Japan.

What is considered a positive aspect of the relationship between the US and Japan in trade negotiations?

• Economic isolation

• Lack of communication

• High tariffs on goods

• The leaders being friends

What is one proposed strategy for Japan to negotiate with the US regarding tariffs?

• Increase tariffs on American goods

• Cut tariffs on American agricultural goods

• Ban American imports

• Ignore US trade policies

What is a potential outcome if the US cuts auto tariffs to zero?

• Trade negotiations end

• Japan cuts agricultural tariffs

• US imposes new tariffs

• Japan increases tariffs on American goods

What did Prime Minister Abe do in 2013 that was significant for trade negotiations?

• Banned US imports

• Increased tariffs on US goods

• Entered TPP negotiations

• Withdrew from TPP negotiations

How is the VAT increase in Japan related to trade negotiations?

• Unrelated to trade negotiations

• Dependent on US policies

• Caused by tariff hikes

• Directly linked to trade deals