Trump’s Demand to Trading Partners: Pledge Money or Get Higher Tariffs
President Trump is using an “Art of the Deal” approach to get other nations to hand over cash to lower their tariffs.
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President Trump is using an “Art of the Deal” approach to get other nations to hand over cash to lower their tariffs.
The Trump administration has been talking up provisions of its deal with the European Union that would secure hundreds of billions of dollars in investments.
The deals highlight the countries’ deepening relationship under the new Syrian government, and a wave of investment in a country squeezed by war and sanctions.
President Trump will get to decide where to invest Japanese money and the United States will keep 90 percent of the profits, the White House said.
A Wells Fargo banker and a U.S. government employee were blocked from leaving, and a Japanese pharmaceutical executive was imprisoned, even as Beijing tries to court overseas investors.
The fall of the Syrian dictator Bashar al-Assad has opened a window for wealthy Gulf countries to expand their influence as the sway of Iran diminishes.
The bank-to-bank transfer using the SWIFT system was symbolically important, indicating the war-torn country was reintegrating into the global financial community.
Critics contend that the measure will scare off the foreign investment that President Trump wants to attract.
Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.
Retaliatory taxes on foreign companies operating in the U.S. could open the door for a broader economic conflict.