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Commerce Sec.Lutnick: Japan lowered their tariff rate by pledging to do investment deals

  • Japan lowered their tariff rate by pledging to do investment deals
  • says that 15% tariff is right on the edge where Japan automakers can still produce in Japan.
  • Says that could be a model for the EU
  • does not think big countries can go below 15%. Smaller countries can.
  • When asked if you automakers would get 15% tariff, he did not answer the question.
  • Says that if the EU open their markets, including excepting US cars accepting US products, it would be a giant deal that would appeal to Pres. Trump
  • Pres. Trump is looking for Europeans to completely open their markets
  • US will not be selling China their most competitive chips
  • as China delivers magnets, export controls on Nvidia H20 chips will come off.
  • US will not be selling their hyper missiles to China nor there best chips

This article was written by Greg Michalowski at investinglive.com.

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