Reuters World News Japan deal, Epstein, USAID contraceptives and Ozzy
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Jul 24, 2025 A new trade deal with Japan aims to boost the U.S. economy but raises concerns for American automakers. Pressure intensifies for the release of documents related to the Epstein case. Meanwhile, the U.S. destroys $10 million worth of contraceptives intended for global aid, igniting controversy over foreign policy. The passing of rock legend Ozzy Osbourne at 76 sparks tributes to the 'godfather of heavy metal.' Tune in for an insightful discussion on these pressing issues.
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Japan-US Trade Deal Benefits Autos
- The trade deal lowers Japan's auto tariffs to 15% from 25%, benefiting automakers like Toyota and Honda.
- Japan keeps its agricultural barriers, so no major increase in US rice imports is expected.
US Auto Industry Concerns
- The deal creates concern in the US auto industry since Japanese cars face 15% tariffs, while Canadian and Mexican imports remain at 25%.
- Detroit automakers fear parts crossing borders face tariffs despite domestic content in Japanese cars.
Epstein Files Held Back; Maxwell Talks Sought
- The US House postponed voting to release all Jeffrey Epstein documents, avoiding a public political fight.
- The Justice Department seeks to meet Ghislaine Maxwell to uncover others involved in Epstein's alleged trafficking ring.