Trump Threatens 35% Japan Tariffs, 'Big Beautiful Bill' Faces Resistance | The Opening Trade 07/02
July 2, 2025
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1:35:46Now PlayingTrump Threatens 35% Japan Tariffs, 'Big Beautiful Bill' Faces Resistance | The Opening Trade 07/02
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as posted by the channelresident Donald Trump threatened Japan with tariffs of up to 35% as he ramped up tensions for a third straight day, fueling fears of a worst-case scenario among market players.
Japan should be forced to “pay 30%, 35% or whatever the number is that we determine, because we also have a very big trade deficit with Japan,” Trump said, again flagging the possibility that across-the-board tariffs could go much higher than the 24% initially penciled in for July 9.
Trump’s multitrillion-dollar tax bill is running into Republican resistance in the House as moderate and ultraconservative GOP lawmakers threaten to defy the president. House lawmakers vote Wednesday on the Senate version of the bill, which squeaked through that chamber on Vice President JD Vance’s tie-breaking vote.
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