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How Japan shaped Trump’s perspective on tariffs

Nada Tawfik

New York correspondent

grey placeholderGetty Images black and white image of Donald and Ivana Trump launches from Princess Trump's yacht. She wears a dress wearing a dark suit with a white tie. White yacht and the sea in the background.Gety pictures

Donald and Ivana Trump slide to Yacht Trump in New York in 1988

When Donald Trump’s fortunes took this in the 1990s and he needed to raise money quickly, he sailed in super yachts (85 meters), Princess of Trump, to Asia in the hope that he could attract the wealthy in Japan.

This was not the first time that the businessman has sought to obtain Japanese buyers or lenders of his projects.

In the world of real estate in New York, Trump had a seat in the front row of his fifth cloud skyscraper on Tokyo Street in the eighties of the famous American brands and property, including the Rockefeller Center.

Then his view of the world was formed about trade and America’s relations with its allies, and it began to install it on the customs tariff, a tax on imports.

“He had a tremendous dissatisfaction with Japan,” says Barbara Rock, former Trump CEO.

I saw jealousy as Japanese businessmen were seen as geniuses. He felt that America did not get enough to help its ally Japan with military defense.

Trump often complained that he was facing difficulties in dealing with large groups of Japanese businessmen.

“I have been tired of watching other countries tearing the United States.”

Trump’s quote could have been withdrawn from 2016, but in reality since the late 1980s when Larry King appeared from CNN, soon as his name as a possible presidential candidate.

New from his commercial philosophy in his 1987 book, The Art of the Deal, Trump went on America’s trade policies in national interviews.

In an animated interview with Oprah Winfrey before the direct studio audience at the Oprah Gallery, he said that he would deal with foreign policy differently by making the country’s allies “pay their fair share.”

He added that there was no free trade when Japan was “automatically” products in the American market but make it “impossible to do business” there.

grey placeholderGetty Images Donald and Ivana Trump sat on chairs on the Opera group. He wears a dark suit and a red tie. She wears a red suit.Gety pictures

Donald and Ivana Trump at the Oprah Winfrey show in April 1988

Jennifer Miller, a historical professor in history at Dartmouth College, said others have shared his concerns about the economy at the time.

Japan presented a competition for American manufacturing, especially in electronics and consumer cars. Since the American factories were closed and entered the new Japanese brands the market, critics were talking about Japan, which exceeded the United States as the leading economy in the world.

“Trump is a kind of symbol for many people who were questioning the American leadership in the American -led international system, and whether he has already served the United States,” says Professor Miller.

Before the appearance of Opera, Trump spent nearly $ 100,000 to issue a “open message” in advertisements for a full page in three main American newspapers.

The title read: “There is nothing wrong with the US foreign defense policy that the spine cannot treat.”

In this, he said that Japan and other countries have been benefiting from the United States for decades. He claimed that “the Japanese, without obstacle to the huge costs to defend themselves (as long as the United States will do so for free), have built a strong and vital economy with unprecedented surpluses.”

Trump believed that the apparent solution is “imposing taxes” on these wealthy countries.

He wrote: “The world laughs at the politicians in America and we protect the ships that we do not have, and we carry the oil that we do not need, and there is for allies who will not help.”

Watch: Donald Trump opens in 1998 an interview BBC to survive from the financial loss

More about Trump’s tariff

The advertisement was a strong introduction to Trump’s vision of foreign policy, according to Professor Miller. One is based on the belief that the allies are their free people and that the liberal front approach that dominated since World War II was weak and foolish in a competitive world. He said that the solution was a more aggressive and feverish commercial policy.

She said: “I think this is one of the reasons that make him love customs tariffs a lot. Is it an occasion not only with his ideology of transactions, but his sense of himself, and he is very rooted like this successful deals.” “The fact that the customs tariff can be threatened; it can hang on another country.”

Club Bristwitz chairs negotiations with Japan during the Reagan administration as a consultant to the Minister of Trade. He said that one of the critic for a long time for free trade policies, and said that if not any serious intellectual person belonging to Trump or his simplification approach at that time. He argues that the president did not provide a real solution to the problems he raised.

“The definitions are a kind of amazing thing that you can say, look at what you did, you have floundered these men … so you know, you can be a difficult young man. Whether it is effective or not, it is really open to discussion.”

Mr. Prestwes believes that the real problem at the time and now is that the United States does not have a strategic manufacturing policy, despite the complaint of unfair trade.

Of course, fears of the rise of Japan submitted over time and now it is an ally. Instead, China is the competitor of companies in the United States. This week, Trump welcomed the Japanese Prime Minister at the Oval Office as one of his first foreign visitors.

grey placeholderGetty Images is a complex image of Trump and Prime Minister Shigro IshibaGety pictures

Trump and Prime Minister Shigro Ishiba

But Donald Trump’s ruling philosophy is still the same as it was when he was a young real estate developer. It is still strongly believed in definitions such as a tool to pressure other countries to open their markets and reduce the trade deficit.

“He says this all the time for anyone who will listen when anyone asks, and this is true for 40 years. In fairness, you know this is a very natural way to see international trade,” said Michael Street. Economic with the Institute of Conservative American Projects.

He says that students often share Trump’s intuitive thinking about the economy, and that one of the great challenges faced by professors convinces them that their understanding is wrong.

Mr. Street says that Trump’s grip on the party, with a position of time of the republic for free trade, does not believe that he is convinced of two skeptical projects, business leaders and economists.

The thorny points remain that his views are that foreign imports are bad, and that the volume of trade deficit is a measure of policy success or that the ideal state of the American economy is only to import goods that cannot be physically made in the United States.

Mr. Salal believes that threats to increase the definitions of American allies can reduce business investment and weaken international alliances.

Joseph Lavingna, chief economist in the National Economic Council during the first period of Trump, believes that there was a very narrow focus on customs tariffs and not enough to try to understand the big picture of what Trump tries to achieve.

He says that the president wants to swear a local industry, especially high -tech manufacturing.

He explains that the administration feels that it can encourage more companies to come to the United States using the customs tariff, as well as cancel organizational restrictions, cheaper energy, and decrease in corporate taxes, if enact by Congress.

“I think President Trump understands something very important, being a businessman and being transactions, which is a wonderful free trade in theory, but in the real world, you need fair trade and this is an equal field.”

He is betting that Donald Trump is right. Few Republicans opposed the President publicly because he is loyal to his agenda.

However, some of those who have been silent understand that their voters can be affected by the high prices, and hope that they can persuade Trump not to follow the beloved definitions.

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2025-02-08 00:52:00

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