The Globalist Japan and the US announce an unexpected trade deal. Plus: the 82nd Venice International Film Festival
Jul 23, 2025
Fiona Wilson, Monocle's Tokyo Bureau Chief, joins experts like Tom Keating from RUSI and Inga Thorda from the Oceanborn Foundation to discuss Japan and the US's surprising trade deal, reshaping economic dynamics. They dive into its implications for the automotive sector and Japan's political challenges. The conversation also covers Iran's tactics against sanctions and geopolitical shifts with Russia and China. Meanwhile, Joel Flynn shares insights on the 82nd Venice International Film Festival, highlighting its distinctive cultural narratives.
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US-Japan Trade Deal Impact
- The US-Japan trade deal imposed a 15% tariff, which is better than the threatened 25%, offering relief to Japan's auto industry.
- The deal opens Japanese markets to American agricultural products, signaling significant economic renegotiation and political uncertainty in Japan.
Trade Deal Eases Market But Not Crisis
- The trade deal provides market stability but does not solve Japan's larger economic and political crises.
- The population welcomes the deal but resents Donald Trump's triumphant tone amid ongoing inflation and political instability.
Sanctions Evasion Strategy
- Iran, Russia, and China collaborate extensively on evading Western sanctions by developing alternative financial systems.
- Iran offers significant sanction evasion expertise, which it shares with Russia, highlighting a strategic alliance against Western financial control.
