"Had a productive call with the President of Mexico yesterday. Likewise, met with Japan's top trade representative—a highly productive meeting. Every country, including China, wants to meet! Today, Italy!"

—Donald Trump Truth Social April 17, 2025 08:02

Background Analysis

Call with the President of Mexico

Content: Trump described the call as "productive" but did not disclose specifics. Reference information suggests they likely discussed the U.S. plan to impose a 20.91% tariff on Mexican tomatoes (originally set to take effect on July 14).

Potential Impact: Mexico is the second-largest supplier of agricultural products to the U.S. If the tariff is implemented, it could lead to higher food prices. Mexico is seeking a negotiated exemption.

Meeting with Japan's Trade Representative

Topics: Included tariffs, cost-sharing for U.S. troops stationed in Japan, and trade fairness.

Progress: Trump claimed "significant progress," but Japanese Prime Minister Shigeru Ishiba stated, "We won't rush to make concessions." Discussions may have touched on Japan's investments in U.S. natural gas and currency issues.

Tariff Pressure: Japan faces a 24% customized tariff and a 10% base tariff from the U.S., with particular pressure on auto exports.

Today's Planned Meeting with Italy

Goal: Italian Prime Minister Giorgia Meloni will represent the EU in proposing a "mutual exemption of industrial tariffs" and may commit to increasing U.S. energy imports in exchange for tariff exemptions.

Background: Italy is the first European country to visit the U.S. after Trump's tariff policy. If negotiations fail, the U.S. may reinstate a 20% tariff on the EU.