President Trump’s “massive deal” with Japan gives the White House a strong head of steam as it nears a pivotal Aug. 1 deadline to reset trade relations with global partners.
The White House said Wednesday that the deal, which includes $550 billion in Japanese investment in the U.S., counters naysayers who said tariffs amounted to a clunky tool offering little leverage or wouldn’t amount to much.
“President Trump is finally putting a stop to our country getting ripped off,” White House press secretary Karoline Leavitt said. “He made big promises to the American people on the campaign trail last year, and he has unquestionably delivered on those promises in record time.”
In some ways, the Japan deal is a watershed for Mr. Trump’s trade agenda after a series of smaller deals with nations such as Indonesia, Britain and the Philippines.
Serious tests remain, however.
The massive European Union is preparing