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00:00Here is the news.
00:09The White House, Rose Garden, where the President of the United States has announced his important policy.
00:16The list of countries and regions where the President of the United States has announced his important policy is the list of countries and regions where the President of the United States has announced his important policy.
00:47The President of the United States has announced that he will pay all the taxes to the whole world.
00:53We have also been given the opportunity to do so.
00:59Japan, we are judging him 24%.
01:02And in many cases, the friend is worse than the foe in terms of trade.
01:07This will be, indeed, the golden age of America. It's coming back.
01:14The shock has gone around the world.
01:18The decision that was announced tonight is a brutal and unfounded decision.
01:22China has repeatedly emphasized that there is no winner in the trade war and the tariff war.
01:27It's a shame.
01:32The impact has already been on Japanese companies.
01:37Machine manufacturers have seen a cost increase of hundreds of millions of yen in parts procurement.
01:45I'd like to hear what they want to do.
01:48I don't think any company in the world can deal with it.
01:51In the United States, the stock price has plummeted to the third largest in history.
01:56The stock price has spread worldwide.
02:03Concerns about the trade war are growing.
02:10Why is it that the world is pushing taxes that cannot be turned against the enemy?
02:17How can Japan survive without the common sense of the past?
02:26We decided to start with an interview with Blaine from the Trump administration.
02:32We decided to start with an interview with Blaine from the Trump administration.
02:45I'm Cathy Oren, an economist.
02:55President Trump's right-hand man, Vice President Vance.
03:00As a third party, Mr. Cass has advocated strengthening the tax policy.
03:09He is said to be influenced by the U.S. economic policy,
03:13as he is close to the central government and the young members of Congress,
03:17such as Secretary of State Rubio.
03:23Listening to the President on terror, it's like red light, green light, a lot of confusion.
03:29From your perspective, is there a plan, a strategy behind those remarks?
03:36I think people in Japan still feel that the U.S. is treating us unfairly.
03:41I think they're trying to scrutinize and put the blame on the administration.
03:47I think it's one that makes a lot of sense.
03:56It's not like both those regimes are trying to dominate the global economy.
04:02The U.S. just wants balance.
04:09It is believed that Trump's tax policy will have a major impact on Japan.
04:17It is estimated that the GDP will be pushed down by about 0.7%,
04:22and that it will affect about 1.4 million people in the automobile industry.
04:28The Japanese government is requesting that there be no tariffs,
04:34but is that realistic?
04:42We would like to not change the situation in Japan.
04:47I understand why that is the state of life,
04:52but it's likely to be an example of something
04:57that will not send a letter saying we don't want to be hit with tariffs.
05:02The thing to do is to say,
05:05as a matter of fact, we acknowledge that we are in trouble together.
05:10We are the things that we are trying to show everybody.
05:16Mr. Cass says that there is a successful experience of the past for Japan.
05:23A perfect example is to go back to 1980s,
05:27when Japan had very highly rapidly growing imports of Japanese vehicles.
05:33At that time, the U.S. automakers were really under threat of quite large tariffs,
05:40so the Reagan administration negotiated an outright quota with Japan.
05:46It also meant that all of the major Japanese automakers
05:50were very quickly making enormous investments,
05:53first in assembly plants in the U.S. south,
05:56and so the effect of that was tens of thousands of dollars of investment,
06:01hundreds of thousands of jobs,
06:04but a thriving new industry in the United States.
06:10President Trump claims that the U.S. has been taken over by other countries
06:14as the global economy advances.
06:22Foreign leaders have stolen our jobs,
06:25foreign cheaters have ransacked our factories,
06:28and foreign scavengers have torn apart our once beautiful American dream.
06:33Tariffs give our country protection against those that would do us economic harm.
06:39The Trump administration is trying to do a global reset of the tariff
06:44as a tool of arms and negotiation.
06:51I think that's right.
06:53So, in a certain sense,
06:55the U.S. is no longer willing to take any tariffs
06:58as a result of the global free trade.
07:00So, how does the U.S. react to that?
07:02What is the U.S. thinking now
07:05that it would lose something from this trade
07:08and I have yet to hear an answer to that.
07:14Good evening.
07:17Last week, we heard the shocking news
07:20about the end of the free trade system
07:23and the situation of a major change for Japan
07:26under President Trump's new tariff.
07:29Now, let's hear from our guest.
07:33Mr. Mitoji Yabunaka,
07:35you have been a foreign minister for many years.
07:38How did you react to the announcement last week?
07:41It was a shock.
07:43I thought it would be centered around China,
07:46but it turned out to be a tariff on the whole world.
07:50And what Trump is saying is that
07:53the whole world is taking advantage of us.
07:56But to us,
07:58the U.S. is the richest country in the world.
08:01In terms of global GDP,
08:04the U.S. is worth $82,000 per capita,
08:07while Japan is worth $33,000 per capita.
08:10The U.S. is overwhelmingly higher in the G7.
08:13And out of the top 30 countries in the world,
08:1680% of them are owned by U.S. companies.
08:19There are IT companies and financial companies.
08:22So, what is he talking about?
08:24But if you look closely,
08:26the U.S. is divided into
08:29New York, California,
08:32IT, and finance.
08:35There are companies and people who are very successful in these areas.
08:39The people in the middle are left behind.
08:42In the 1860s, there was a war between the North and the South.
08:47Now, it's a war between blue and red.
08:51It's a civil war.
08:54I think that's what he's talking about.
08:57Because of what Trump did this time,
09:00the stock price is going down,
09:03or the stock price is going up,
09:06and the world is going to be isolated.
09:09I think the whole of America is in trouble.
09:12But the people in the middle, the red people,
09:15they think it's okay.
09:17Trump is doing what we're doing.
09:20Mr. Makoto Shiono is advising on the risks of international politics.
09:24How did you receive the advice, including the influence of Japan's employment and poverty?
09:29I think it's a big turning point in international politics after the Cold War.
09:33I think it's a place where free trade is being lost.
09:38From the perspective of a manager,
09:42I wonder if there's anything we can do.
09:47I wonder if we can do something about the big issues of international politics and international affairs.
09:52I think that's how I felt.
09:59Yes, I understand.
10:01I'd like to look back a little bit.
10:04President Trump's tax policy.
10:07He took office on January 20th.
10:10First, 10% additional tax on China.
10:14After that, he issued tariffs on steel, aluminum, and automobiles.
10:19Last week, he announced a comprehensive tariff.
10:22It will be in effect on the 9th.
10:25At first, there was a skeptical voice about whether or not to do it.
10:29But as the stage progressed,
10:31I could see the seriousness and seriousness of the United States.
10:36We interviewed a Japanese company that is in the midst of it.
10:45This is Miura Industries, a machine manufacturer in Ehime Prefecture.
10:51The day the comprehensive tariff was announced,
10:54employees from the procurement department were gathered.
10:57The tariff will increase by about 500,000 dollars.
11:04I think it will have a much greater impact.
11:12It's been a shocker so far.
11:17I can't imagine what will happen.
11:21This manufacturer produces boilers that are used for heating.
11:33Within the framework of free trade,
11:36for 40 years,
11:38they have set up 17 group companies around the world.
11:41Their sales amount to 2.5 billion yen.
11:44At a factory in the United States,
11:46where they run overseas business,
11:48they have imported and manufactured parts from all over Asia and Canada.
11:53This is where the tariff will be applied.
12:01We started interviewing this boiler maker in the United States in February.
12:08This is Mr. Tatsuya Fujiwara, in charge of the North American business.
12:22At the time, the Trump administration was proposing
12:25to impose tariffs on Canada and Mexico,
12:28but it was not implemented.
12:32To be honest, I don't feel a sense of crisis.
12:37I don't think the United States or Canada will benefit from the tariffs.
12:43However, in March...
12:51President Trump announced that he would impose tariffs on Canada and Mexico.
12:58President Trump imposed tariffs of 25%.
13:03This is how the tariff was implemented.
13:07Canada and Mexico
13:15To charge on all products.
13:17All products.
13:18All products.
13:19Okay. Simple enough.
13:21Yeah, and...
13:22Very simple.
13:25There was a new threat of a $1 million burden
13:28on the import of parts from Canada.
13:33I was really surprised.
13:4025% is a big number.
13:48At the same time,
13:49the Japanese Prime Minister was discussing
13:52how to deal with the Trump administration.
13:55This is Shoji Ito.
14:02We may see some impact from the tariff change.
14:05We'll watch and be on that.
14:10The company has been expanding its energy business
14:13in the U.S. for more than 20 years.
14:16Such as solar power and wind power.
14:23By imposing tariffs on parts from Mexico and Canada,
14:28the company was facing the need to improve parts
14:31by increasing the tariff by about 20%.
14:38They're trying to procure for delivery this year
14:41and early in 2026.
14:45As a result of the discussion,
14:47the company has decided to pay
14:49tens of millions of dollars
14:51to continue the business.
14:55We may see an increase in costs
14:58and it will be difficult to procure parts.
15:02We may see something that hasn't become
15:04economically viable yet.
15:09One of Trump's targets is
15:11the revival of manufacturing in the U.S.
15:25This will be, indeed,
15:27the golden age of America.
15:29It's coming back.
15:30We're going to come back very strongly.
15:33If tariffs are imposed on imported goods from abroad,
15:36prices will rise.
15:38As a result,
15:40demand for products made in the U.S.
15:43will increase and manufacturing will flourish.
15:48What is Trump's agenda?
15:51I asked Mr. Oren Cass,
15:53who has advocated for the strengthening of tariffs.
15:59I think it would certainly be helpful
16:02for other countries, generally,
16:05to go through the exercise
16:07looking at things from the American perspective
16:10and recognizing the ways in which
16:13the costs and benefits that the United States
16:16is looking at are being appreciated.
16:19The income of American workers
16:22hasn't changed much since the 1970s.
16:28What the Trump administration wants
16:31is to grow the U.S. economy in a balanced way
16:34and spread prosperity widely.
16:37They want typical Americans
16:39who don't go to college
16:41and don't live in big cities
16:43to be able to support their families
16:46and have a decent life for their kids.
16:54On the other hand,
16:56tariffs raise the price of imported goods
16:59in the U.S.
17:01and raise the price of goods
17:03and cause inflation.
17:07Even if inflation occurs,
17:09is it worth it to impose tariffs?
17:12Is it worth it?
17:15I think it's worth it.
17:17I think surveys consistently show
17:19that the American economy
17:21is under a lot of problems
17:23because there's a lot of tariffs
17:25as a way to do this.
17:27And your service to the Trump administration
17:30does not believe that inflation
17:32can be one that can be popular.
17:35The boiler maker in Ehime,
17:37which has a factory in the United States,
17:41is under pressure to procure parts
17:43in line with the Trump administration's goals.
17:50Welcome to Metalworking Solutions.
17:52Welcome.
17:55In order for parts from Canada
17:57to be fully produced,
17:59he has decided to rely on
18:01an American metalworking company.
18:04This company has seen a lot of
18:06ups and downs in the past
18:08and has increased its sales.
18:34Because of the increasing demand
18:36for raw materials,
18:38he has proposed a higher price
18:40than the previous procurement
18:42from Canada.
18:48Everyone is moving in the direction
18:50that the Trump administration
18:52wants to go,
18:54so I think everyone
18:56is moving in the direction
18:58that the Trump administration
19:00wants to go.
19:02I think it depends on
19:04whether the customers
19:06can afford it or not,
19:08and whether we can
19:10withstand the increase in costs.
19:15While parts are being produced
19:17in the United States,
19:19is there a way to procure them
19:21at a low price?
19:24At the end of March,
19:26the boiler maker was visiting
19:28Thailand.
19:31How much volume
19:33do you need
19:35for one transaction?
19:38Thailand saw that
19:40the impact of the Trump administration
19:42was small,
19:44so they were looking
19:46for a way to procure them.
19:50Thank you very much.
19:55I think it's possible
19:57to shift to Southeast Asia.
19:59It depends on how
20:01the customers feel.
20:03I think it's a good idea
20:05to work on something
20:07in the next 3 to 5 years.
20:14However,
20:16what did President Trump
20:18announce next week?
20:21Vietnam, Thailand,
20:23Malaysia.
20:25Southeast Asia is relatively
20:27low in volume.
20:29Is this OK?
20:31I don't think
20:33it's a good idea
20:35to buy from Vietnam.
20:40The tax rate in Thailand
20:42is 36%.
20:44We have no choice
20:46but to reconsider the plan.
20:52I don't think
20:54any company in the world
20:56can do this.
20:59I'd like to ask
21:01what they want to do.
21:03I'd like to ask
21:05what will happen
21:07if we do this.
21:09I'd like to ask
21:11if we can really
21:13make something
21:15in America
21:17without buying
21:19from foreign countries.
21:23President Trump
21:25made this statement.
21:27His statement
21:29was a step
21:31in the direction
21:33of the US-Japan relationship.
21:47Where is
21:49the truth
21:51in his statement?
21:54Should Japanese
21:56accept the fact
21:58that the US
22:00is no longer
22:02the leader of the free trade?
22:04Japan will have to
22:06choose between
22:08the US and China.
22:10It's impossible
22:12for Toyota to be closer
22:14to the US
22:16and Honda to China.
22:20Many countries
22:22benefit from China
22:24economically,
22:26while the US
22:28is burdened
22:30by economic costs
22:32and security insurance.
22:36If cooperating
22:38with China
22:40is going to be
22:42our economic and security
22:44advantage,
22:46we can't build
22:48a strong alliance
22:50with China.
23:20I don't think
23:22the US is going to
23:24make a decision.
23:26President Trump
23:28has been dealing
23:30with the world.
23:32His message
23:34is to regain
23:36manufacturing
23:38and revive
23:40manufacturing
23:42in the US.
23:44I don't think
23:46we can change
23:48the US's position
23:50on the free trade.
23:52The US has always
23:54been the leader
23:56of the free trade.
23:58Japan is investing
24:00in the US
24:02to build a win-win
24:04relationship.
24:06I think
24:08this is the kind
24:10of conversation
24:12we should have.
24:14What kind
24:16of conversation
24:18should we have?
24:46Japan and
24:48East Asia
24:50have a strong economic
24:52relationship with China.
24:54The US also
24:56has a strong relationship
24:58with China.
25:00Japan and
25:02the US should
25:04work together
25:06for the peace
25:08of the world.
25:10I don't think
25:12we should
25:14say
25:16that the US
25:18has to
25:20do something
25:22to revive
25:24the US.
25:26I think
25:28we should
25:30work together
25:32for the peace
25:34of the world.
25:36I think
25:38Japan and
25:40the US
25:42should work together
25:44for the peace
25:46of the world.
25:48I think
25:50we should
25:52work together
25:54for the peace
25:56of the world.
25:58I think
26:00we should
26:02work together
26:04for the peace
26:06of the world.
26:08I think
26:10we should
26:12work together
26:14for the peace
26:16of the world.
26:40I think
26:42we should
26:44work together
26:46for the peace
26:48of the world.
26:50I think
26:52we should
26:54work together
26:56for the peace
26:58of the world.
27:00I think
27:02we should
27:04work together
27:06for the peace
27:08of the world.
27:38I think
27:40we should
27:42work together
27:44for the peace
27:46of the world.
27:48I think
27:50we should
27:52work together
27:54for the peace
27:56of the world.
27:58I think
28:00we should
28:02work together
28:04for the peace
28:06of the world.
28:36Mr. Shono, what do you think
28:38will happen
28:40to the international order?
28:42Until now,
28:44the business
28:46and business owners
28:48have not thought
28:50about the international
28:52order,
28:54the security guarantee,
28:56and the liberal
28:58international order.
29:00I think it was a very
29:02fortunate period
29:04because the international
29:06order was
29:08blocked by
29:10the United States.
29:12When the
29:14leader of the
29:16international order
29:18came down,
29:20the international
29:22order
29:24came
29:26above the business.
29:28What do you mean?
29:30The business
29:32has become a
29:34heavyweight
29:36of international
29:38politics,
29:40international order,
29:42and the movement of
29:44foreign countries.
29:46What do you
29:48mean by
29:50the security guarantee
29:52above the business?
29:54From the perspective
29:56of Japanese business owners,
29:58the security guarantee
30:00above the business
30:02is not a security guarantee.
30:04There was a tendency
30:06to leave it to the government.
30:08It has changed a lot
30:10in the past few years.
30:12Japan also has to
30:14prepare for
30:16various crises.
30:18Companies also had
30:20a tendency
30:22to prepare
30:24for a contingency plan.
30:26The quality of the United States
30:28is not as good as
30:30the United States.
30:32For example,
30:34the automobile industry
30:36in Japan is
30:38produced and sold
30:40in the United States.
30:42In addition,
30:44parts are imported
30:46and exported
30:48from Japan,
30:50Mexico,
30:52and Canada.
30:54I have never expected
30:56that the security guarantee
30:58above the business
31:00would change so much.
31:02In the past,
31:04companies worked
31:06under the pretext
31:08of the security guarantee
31:10above the business.
31:12However,
31:14the security guarantee
31:16above the business
31:18has changed a lot.
31:20Is it a big change?
31:22Yes, it is.
31:24I don't know
31:26what will happen
31:28in the future.
31:30Mr. Trump may be
31:32a little impatient
31:34when the stock price
31:36goes down.
31:38But I think
31:40he will do it
31:42very persistently.
31:44I see.
31:46As we have seen
31:48in the discussion so far,
31:50the international market
31:52has a great influence
31:54on the management
31:56of the stock market.
31:58Therefore,
32:00we need to gather
32:02and organize
32:04people's lives.
32:06What is important
32:08to us?
32:10What is important
32:12to us?
32:14What is important
32:16to us?
32:18What is important
32:20to us?
32:22This attempt began
32:24with the aim of increasing
32:26the ability of companies
32:28to analyze information
32:30and intelligence.
32:32Since the beginning of Mr. Trump's
32:34presidency,
32:36the number of companies
32:38has been increasing.
32:40We have established
32:42the best supply chain
32:44in globalization
32:46and have been able
32:48to increase
32:50the number of companies
32:52in the world.
32:54We have established
32:56the best supply chain
32:58in globalization
33:00and have been able
33:02to increase
33:04the number of companies
33:06in the world.
33:08We have established
33:10the best supply chain
33:12in globalization
33:14and have been able
33:16to increase
33:18the number of companies
33:20in the world.
33:22We have established
33:24the best supply chain
33:26in globalization
33:28and have been able
33:30to increase
33:32the number of companies
33:34in the world.
33:36We have established
33:38the best supply chain
33:40in globalization
33:42and have been able
33:44to increase
33:46the number of companies
33:48in the world.
33:50We have established
33:52the best supply chain
33:54in globalization
33:56and have been able
33:58to increase
34:00the number of companies
34:02in the world.
34:04We have established
34:06the best supply chain
34:08in globalization
34:10and have been able
34:12to increase
34:14the number of companies
34:16in the world.
34:18We have established
34:20the best supply chain
34:22in globalization
34:24and have been able
34:26to increase
34:28the number of companies
34:30in the world.
34:32We have established
34:34the best supply chain
34:36in globalization
34:38and have been able
34:40to increase
34:42the number of companies
34:44in the world.
34:46We have established
34:48the best supply chain
34:50in globalization
34:52and have been able
34:54to increase
34:56the number of companies
34:58in the world.
35:00We have established
35:02the best supply chain
35:04in globalization
35:06and have been able
35:08to increase
35:10the number of companies
35:12in the world.
35:14We have established
35:16the best supply chain
35:18in globalization
35:20and have been able
35:22to increase
35:24the number of companies
35:26in the world.
35:28We have established
35:30the best supply chain
35:32in globalization
35:34and have been able
35:36to increase
35:38the number of companies
35:40in the world.
36:06Mr. Eguchi was trying
36:08to get information
36:10about the influence
36:12of the wind power
36:14through his own network.
36:21This is the former
36:23director of the British
36:25Overseas Information Agency.
36:27He is familiar with
36:29the Middle East situation.
36:37My understanding is that
36:39the Houthis at the moment
36:41have said that they will
36:43only target Israeli-flagged
36:45vessels.
36:57Mr. Eguchi has also
36:59decided to investigate
37:01the future of the U.S.
37:03which has been severely
37:05threatened.
37:07He met with Mr.
37:09Herbert McMaster,
37:11who served as an
37:13assistant to the U.S.
37:15Army in the Middle East
37:17and served as
37:19an assistant to the
37:21President in the
37:23Trump administration.
37:25The threat has not
37:27been eliminated yet.
37:29President Trump
37:31has not only
37:33threatened the U.S.
37:35but also threatened
37:37the U.S.
37:39in the Middle East.
37:43Mr. McMaster
37:45pointed out the
37:47possibility of the
37:49Trump administration
37:51attacking wind-powered
37:53bases in the Middle East.
37:59Mr. Eguchi
38:01directly reported
38:03to Mr. Takeshi Ninami.
38:05Mr. Eguchi
38:29Two days later,
38:31the U.S.
38:33attacked Yemen,
38:35a wind-powered base.
39:03The U.S.
39:05attacked Yemen.
39:07The U.S.
39:09attacked Yemen.
39:11The U.S.
39:13attacked Yemen.
39:15The U.S.
39:17attacked Yemen.
39:19The U.S.
39:21attacked Yemen.
39:23The U.S.
39:25attacked Yemen.
39:27The U.S.
39:29attacked Yemen.
39:31The U.S.
39:33attacked Yemen.
39:35The U.S.
39:37attacked Yemen.
39:39The U.S.
39:41attacked Yemen.
39:43The U.S.
39:45attacked Yemen.
39:47The U.S.
39:49attacked Yemen.
39:51The U.S.
39:53attacked Yemen.
39:55The U.S.
39:57attacked Yemen.
39:59The U.S.
40:01attacked Yemen.
40:03The U.S.
40:05attacked Yemen.
40:07The U.S.
40:09attacked Yemen.
40:11The U.S.
40:13attacked Yemen.
40:15The U.S.
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