[flagged]
* First, other countries can accept tariffs on their exports to the United States without retaliation, providing revenue to the U.S. Treasury to finance public goods provision. Critically, retaliation will exacerbate rather than improve the distribution of burdens and make it even more difficult for us to finance global public goods.
Second, they can stop unfair and harmful trading practices by opening their markets and buying more from America;
Third, they can boost defense spending and procurement from the U.S., buying more U.S.-made goods, and taking strain off our servicemembers and creating jobs here;
Fourth, they can invest in and install factories in America. They won’t face tariffs if they make their stuff in this country;
Fifth, they could simply write checks to Treasury that help us finance global public goods. *
I'm gonna need a translation
That's pretty much "caving in", but that's also expect: Both countries are not strong enough and too dependent on the US to do otherwise.
Make no mistake, it'll be the same in Japan and SK. At least the credible threat of retaliation, if not retaliation already in action (the China approach) is required for any real negotiation.
I really doubt about this, but I will wait to see
The EU did offer Trump zero-for-zero as a result of the _current_ tariffs; he wasn't interested (which isn't particularly surprising, given that he seems to want trade deficits to magically go away).