Has Donald Trump’s policy of imposing trade tariffs worked?

by | Jul 24, 2025 | World

President Trump signs major trade deal with Japan, and Tokyo pledges to invest in the United States.President Donald Trump promised to shake up global trade – and he says that is now paying off.
The United States has signed an investment deal with Japan, worth more than half a trillion dollars.
That follows Washington’s new trade agreements with the Philippines and Indonesia – all touted as wins by the administration from Trump’s policy of applying pressure through tariffs.
But are these short-term gains that could mask longer-term risks?
And who is winning – and who is losing?
Presenter: Adrian Finighan
Guests:
Tomohiko Taniguchi – Special adviser at the Fujitsu Future Studies Centre
Eric Ham – Political analyst
Nathalie Tocci – Director of Instituto Affari Internazionali

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