Trump 2.0 May Bring 1980s Back As Japanese Yen Drops [Forbes]
Honda Motor Company, Ltd. (HMC)
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Source: Forbes
That was the decade of his heyday, when the larger-than-life New York mogul's worldview on trade, economics, geopolitics and culture seemed to solidify. Back then, it was Japan that Trump viewed as the bogeyman both eating America's lunch and plundering its future. Today, Xi Jinping's China is the subject of Trumpian ire. But what if Japan also finds itself high up on Trump's enemies list in ways for which Tokyo hasn't bargained? There are few ways Prime Minister Shigeru Ishiba's nation might trigger the Trump 2.0 team. One is not displaying sufficient compliance in offering Washington big trade concessions. Another is Ishiba's Liberal Democratic Party failing to act fast enough to ensure military spending tops 3% of gross domestic product. The real spark could be a weak yen exchange rate at odds with Trump's 1980s view of global dynamics. As Trump prepares to return to the White House on January 20, taking on China is his top economic project. Between slapping 60% tariffs on
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- 12/18/24 - UBS Group AG
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