They just remember you made something happen.
Just curious, how would this help with anything, other than documentation purposes?
2. He lies when his lips move. When you're dealing with a pathological liar, there's no reason to believe anything he says that paints him in a good light - until it's been independently confirmed.
https://www.asahi.com/sp/ajw/articles/15953967
Well, having the paper agreement certainly helped last time. (A month ago.)
There's also a Language barrier. So making sure there is a written agreement ensures that both sides understand what was agreed upon.
So the Japanese government pointed at the written agreement and told the trump admin to get their shit together. A few days later, the tariff reductions on Japanese goods was hastily added on.
https://www.asahi.com/sp/ajw/articles/15953967
I went and got some articles mentioning this mess.
But the agreements themselves are completely informal and an overview of what the US expects to see happen in order to maintain the tariff reductions. The interpretation of whether the other country or group of countries is abiding the agreement is entirely at the discretion of Trump.
So there's no such thing as a loop hole. If Trump isn't satisfied with e.g. the EU's progress towards implementing said agreement, he can increase tariffs back to where they were at his discretion, with or without reason given. So there's no such thing as a loop hole in this sort of agreement.
And like other blockaded nations, North Korea and Palestine, the US will reach its intended levels of greatness within minutes.
In boardrooms around the world there is of course concern to protecting the existing US market. And in the short term there are lots of noises to placate the US.
At the same time there's a recognition that the US is not a stable long-term partner. The bigger conversation is around new markets, building diversity of markets, diversity of investment and so on.
"Global Trade" is mostly not an organised thing. It's a zillion small transactions between individuals, small companies and so on. Ultimately my (US) customers will pay the tarifs to their govt, or not (shrug). In the meantime I'm looking for non-US customers for my business growth. I'm investing anywhere except the US, because the current uncertainty is bad for making investment decisions.
Ultimately this process is a wake up call to suppliers who have focused on the US market. And to those future businesses to come. Diversify markets, because then you aren't beholden to them.
In 10 years time, regardless of who is in power, or the conditions then, the lesson will remain.
Doing something self destructive to spite another country is often a sign of either incompetent leadership or of a country that's not truly sovereign - countries that end up with some major dependency (economic, military, or political) on another country can be compelled to act against their rational self interest.
So back to here, the effect of what Trump's doing is not particularly unique. The US has few, if any, allies and lots of countries that are simply nominally independent vassals. We say jump, and they only ask how high. But what he is doing that's particularly unique is making this entire charade 100% transparent and giving them absolutely 0 chance at saving face. I think he simply enjoys humiliating them, very possibly as a result of things that happened during the previous administration.
It will probably accelerate the shift to a multipolar world. I'm very much not a believer in the 5d chess stuff, but I would at least tease the possibility that this outcome might have been considered and not be seen as undesirable. If one considers the goal of solely advancing American interests, it's not clear that hegemony is beneficial. Hegemony entails endless wars and endless interventions around the world funded by endless debt. And as allies and enemies alike reach technological parity, it's becoming ever more dangerous.
And for what? How does this all positively affect the average American? In a purely transactional world, it's hard to see how America, in terms of the affects on Americans, would be worse off than in the current one where we expend just unimaginably massive amounts of resources trying to maintain hegemony.
Once trade is diversified, the US will be isolated naturally as it represents the least beneficial trade arrangement. Now, if MAGA is dethrowned somehow, sure, trade with the US will increase again, but the diversification you see happing now will be permanent. Things aren't going to go back to the way they were, the US has already given up it's spot as the economic leader of the west, and it's given up all its foreign soft-power, it's just a slow process to see it all play out.
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2021: Imports = €232 billion, Exports = €399 billion
2022: €359, €508
2024: €335, €532
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And 2021 is not some cherry picked COVID related oddity or something. It was a record high for exports and just under a record high (€235b in 2019) for imports. [1] So we're seeing an EU more dependent than ever upon the US while aiming to "de-risk" from the US' geopolitical adversaries. Annual results for 2025 are obviously not available yet, but so far this trend has not meaningfully changed. The EU continue to act like vassals.
I also am starting to doubt that these tariffs will be lifted, even if the DNC somehow wins 2028. They've been hesitant to make that a part of their platform, and the tariffs effectively amount to a very large tax revenue increase levied primarily at the largest corporations, which can be arbitrarily tweaked by the President - enabling him to, in effect, unilaterally raise or lower taxes by Executive Order. Government 'temporary emergency measures' are rarely temporary. That's where federal income taxes come from, and even the requirement of passports. We'll see, but I think we're looking at the new normal.
[1] - https://webgate.ec.europa.eu/isdb_results/factsheets/country...
Many countries will just deal with other countries because it’s cheaper, easier and less of a headache.
Tourism from foreigners in the US has taken a severe and extremely expensive nose dive. Everything else will too.
I think they are using the word transactional as a euphemism for something else.
It is the combination that makes the orange.
Agreements on paper doesn't mean anything to Trump.
Despite negotiating the USMCA with Canada and Mexico during his first term, Trump still threatened to impose tariffs on both countries.
What is the point of having an agreement like USMCA?
It's not much, but it's better than the alternative.
The World is moving on to the future, It's what happens yet we are supposed to learn from our mistakes but, the only thing we really learn from what history has to tell us is that we get good at replicating that same mistake to others or ourselves. A 100 years ago we were trying to make car run on gasoline and go pas 20 mph, a 100 years ago we were trying to figure out how we can expand the use of electricity, a 100 years ago Photographs have to be mobile, but how. The point is humans are animals and have the ignorance as a tribute because it's helped us survive. Its natural. whats not natural is for a planet to sustain an orbit for lengthy time period for life to to be sustained so evolution can exist. evolution./
The Chinese understand. Notice how there are no soybean purchases from China this year. They do not trust the US on important things like food.
Plenty of great negotitors across history did, too. Trump gets played. Repeatedly. Predictably. His political instincts have been sharp enough that I'm increasingly chalking this up to age, but maybe he just had a better team around him the first time around.
I've always had high regard for Trump as a talented scumbag grifter of note.
He's been noticeably and increasingly off game since it seemed he was only campaigning for re-election to avoid a mountain of looming bad legal outcomes.
Much of his early second term "wins" I've marked as momentum success from having a ready to go game plan care of the Project 2025 crowd. His carry through on tariffs, dodging Epstein complications, handling free speech issues, etc. have been more chaotic than cunning.
That's not a good thing. Lots of farmers going bankrupt now.
Again... He's done this twice now.
It's an musing irony that Japan is a demographically much older society than the US and LDP in particular looks like a gerontocratic party, but between factionalism and parliamentary instability they actually cycle through leaders pretty efficiently
I think there's an implicit understanding that having a written deal would be worse for Korea because the deal will bind Korea and restrict its options, while Trump is a crazy guy and can and will do anything he wants, whether he signed something or not. I.e., any written deal with Trump has negative worth.
Such is the state of global trade negotiation these days.