If only Switzerland would open itself up to U.S. chocolate exports. Oh right, it did. Even so, I¡¯m guessing the master chocolatiers are safe in their Alpine redoubt from an American influx.
On a similar note, U.S. President Donald Trump¡¯s touted victory in getting Japan to open up to U.S. auto exports as part of Tuesday¡¯s trade deal amounts to very little of substance. It may yet carry a silver lining of sorts for Detroit.
Japan hasn¡¯t levied tariffs on foreign autos for nigh on half a century. There are some formal barriers including specific standards and certification requirements. But the reason Japan doesn¡¯t buy many vehicles from the U.S. is that it mostly doesn¡¯t want the kind of vehicles the U.S. produces.
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