Japanese Prime Minister Shigeru Ishiba spoke to his parliament ahead of trade talks with the U.S.

Japan’s Prime Minister Shigeru Ishiba has said he will not make “big concessions” to Donald Trump in order to get a trade deal wrapped up ahead of talks due to start on April 17 in Washington, but also said on Monday that he would not be imposing retaliatory tariffs on U.S. imports.

Ishiba told parliament that Japan needs to understand Trump’s views on tariffs and trade “in terms of the logic and the emotional elements” behind them, Reuters reported.

  • sun_is_ra@sh.itjust.worksEnglish
    44·
    11 days ago

    the emotional elements

    The emotional element is that Trump made big talk, lot of promises, pissed off lot of Republican donors and brought the country to the edge of recession so he better get something really good out of it or his ego could shatter and end up spending rest of his presidency playing golf

    • gravitas_deficiency@sh.itjust.worksEnglish
      351·
      11 days ago

      lol the recession depression is happening no matter what, imo.

      It’s a matter of trust, and the fact that we (that is, the US) has destroyed international trust in the consistency of our geopolitical stance. That trust took literal centuries to build. And it was shattered in a matter of days.

      • Aurenkin@sh.itjust.worksEnglish
        17·
        11 days ago

        A recession is a temporary setback generally around a couple of years. The contraction of the US economy due to lack of trust globally is locked in and will take who knows how long to recover. Of course I could easily be wrong but that’s my layman’s take at least.

        • i_am_not_a_robot@discuss.tchncs.deEnglish
          51·
          11 days ago

          The only good thing about Trump is that if America survives it will be forced to fix its system of government if it ever wants to become as internationally important as it was just a few months ago again.

      • WhiskyTangoFoxtrot@lemmy.worldEnglish
        1·
        11 days ago

        Not really a matter of days. It’s been steadily eroding since the George W. Bush administration. Trump really accelerated the collapse, though.

          • thejml@lemm.eeEnglish
            5·
            11 days ago

            Looking at the stock markets, I feel like the cost of him vacationing (and taking Vance with him) cost would be cheaper on the avg American tax payer’s retirement account than another round of tariffs.

  • kibiz0r@midwest.socialEnglish
    14·
    11 days ago

    Worth noting that Japan is the #1 foreign holder of US treasuries. More than anything, they want stability. Good sign for the US that they’re holding off on damage control mode.