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Benzinga
Benzinga
Business
Vishaal Sanjay

Trump's Trade Deal With Japan A Tax On Americans — Economist Says, 'Not Remotely Optimistic' US Auto Companies Will Gain As Toyota And Honda Stocks Rally

X Donald Trump Justin Wolfers Toyota Japan United States Stellantis Toyota Motor Corp
An,American,And,Japan,Flags,Are,Floating,In,A,Blue

Economist Justin Wolfers is pushing back against the narrative surrounding President Donald Trump’s new trade agreement with Japan, arguing that the deal essentially results in a tax increase for American consumers.

What Happened: On Thursday, in a post on X, Wolfers addressed what he refers to as a “confusion in the reporting” of Trump’s latest trade deal with Japan. “So let me clarify,” he says, accompanied by a video of his recent appearance on MSNBC.

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