Marketplace All-in-One A new trade deal with Japan
Jul 23, 2025
A new trade deal has increased tariffs on Japanese imports, raising concerns about its impact on American consumers and manufacturing. Experts discuss the complexities of U.S. manufacturing costs under these trade policies, particularly with Japan. There's a look at how the weak dollar is benefiting certain industries, like Japanese car manufacturers. The podcast also dives into AI's role in the perfume industry, questioning authenticity and emotional connections, while urging awareness about the use of AI in beauty products.
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New US Tariffs Risk Backfiring
- New tariffs from the US on Japanese imports increased from 1.5% to 15% under President Trump.
- These tariffs may actually discourage manufacturing expansion in the US due to higher input costs and repeated taxation across supply chains.
Tariffs Raise Costs, Cut Jobs
- Tariffs increase producer prices and reduce manufacturing employment in the US.
- Trade deals can give foreign companies an edge, potentially disadvantaging domestic manufacturers.
Weaker Dollar Boosts Overseas Sales
- A weaker US dollar makes foreign sales more profitable for US companies.
- This currency benefit is cyclical and unlikely to last, so companies avoid highlighting it in earnings calls.
