Say what you like about Trump, he plays the media very astutely.
Trump levied tariffs on autos from Japan at 27.5%
On Thursday, US time, he signed an order with the tariffs now at 15% instead.
I have seen plenty of headlines, including from reputable financial media, loudly hailing that Trump has lowered tariffs on Japanese autos. Depends on the time frame you choose to cherry pick I guess. Just months ago you could buy a Japanese auto without added tariff taxes. In 7 days the price will be higher due to the 15% tariff.
Hats off to Trump, he has played the media masterfully.
This article was written by Eamonn Sheridan at investinglive.com.