Dear President Trump! October 15, 2025 Economists predict that the costs of the "Trump Tariffs" are currently being borne by U.S. businesses, minimizing the impact on consumers. However, they predict that a significant portion of the tariffs will be passed on to consumers in the coming months. Given that consumption accounts for approximately 70% of U.S. economic activity, this could have a decisive impact on U.S. economic growth and inflation. However, this is solvable.

 To President Trump!

October 15, 2025

Economists predict that the cost of the "Trump tariffs" is currently being borne by U.S. companies, with minimal impact on consumers. However, they predict that a significant portion of the tariffs will be passed on to consumers in the coming months.

Given that consumption accounts for approximately 70% of U.S. economic ac-tivity, this could have a decisive impact on U.S. economic growth and inflation. But this is solvable.

A team of economists at BNP Paribas estimates that of the current tariff burden, U.S. companies bear 64% of the burden, foreign exporters bear just under 20%, and U.S. consumers bear only 17%.

BNP Paribas' analytical model predicts that this burden sharing will change dramatically within a few months, with consumers bearing 63% and U.S. com-panies bearing only 1%. This is a serious problem.

In May of this year, U.S. President Donald Trump specifically criticized major U.S. retailer Walmart, demanding that it "absorb" the tariff costs rather than passing them on to consumers in the form of higher prices. I also strongly urged exporters to "bear the tariff burden."

Walmart imports many products from Chinese companies and other sources. President Trump's tariffs on Chinese products are imposing a burden on Ameri-can consumers.

I have proposed to President Trump that he introduce "balanced countervailing duties" in addition to the Trump tariffs. I believe this would dramatically im-prove the tariff issue.

I believe that Walmart and other U.S. importers should petition the Trump ad-ministration to introduce balanced countervailing duties.

The Trump tariffs set tariff rates for each country. Balanced countervailing du-ties are a preferential treatment system in which exporting country companies deduct the value of their imports from the U.S. from the value of their exports to the U.S. and then impose Trump tariffs on the difference.

I believe that while balanced countervailing duties reduce tariff revenue, they will encourage the export of U.S. products. In other words, increased exports will lead to a reduction in the trade deficit.

Walmart should "request" exporting companies, including those in China, to import U.S. products from Walmart and other suppliers equal in value to the value of their exports to Walmart.

If this were to be realized, Walmart would be able to import products from Chi-na tariff-free for the amount of American products it exports. Naturally, con-sumers would incur no tariffs.

Chinese companies could potentially export American products to the United States tariff-free by importing American products worth the same amount as their exports.

With balanced countervailing duties, Chinese companies could export their products to American companies on more favorable terms if they could find buyers for their American products in the Chinese market.

The principle of competition would encourage Chinese companies to import American products. President Trump should use a carrot-and-stick approach to ensure the success of the tariffs.

Part 1: References

Column: Trump Tariffs: Time to Pass Costs on to American Consumers

https://jp.reuters.com/opinion/forex-forum/CVYZGXJ6ANPU3IJ3QE3DNZQ3ZA-2025-09-24/

I'll write again tomorrow.

Yasuhiro Nagano (Japanese)

Part 2. "Immigration Control Act Violation Cases" "Weekday Edition".

"Everyone" in the "international community" please help!

First, please read about the "false accusation" of "aiding and abetting violation of immigration law" in 2010.

❤Click below to read the full article!

https://toworldmedia.blogspot.com/

"Chapter 1". The summary of the incident is as follows.

In the fall of 2008, my company (I am the president) promised to hire "Chinese people studying abroad on student visas". I "issued" them "employment contracts" stating that "LEFCO" would "employ" them when they graduated from university the following spring.

However, after that, the "Lehman Shock" occurred in 2008.

As a result, orders for "system development" from the following year onwards were "cancelled".

As a result, "LEFCO" "cancelled" the "employment" of "those who were scheduled to join the company" in 2009.

Therefore, "they" continued to work at the restaurants where they had worked part-time as students even after graduating in 2009.

In May 2010, the Chinese were arrested for "violating Article 70 of the Immigration Control Act" by "activities outside of the status of residence".

In June 2010, after their arrest, I and the Chinese person in charge of recruitment (KingGungaku) ​​were also arrested.

The reason was "crime of aiding and abetting" the Chinese for "violating Article 70 of the Immigration Control Act (activities outside the status of residence)".

<Reason for arrest> The prosecution said that I and KingGungaku giving the Chinese a "false employment contract" constituted "crime of aiding and abetting" under the Criminal Code.

"Chapter 2". Crimes in the judgment: (arbitrary and ridiculous)

The charges in the indictment are "the very provisions" of "Article 22-4-4 of the Immigration Control Act".

If a "status of residence" is obtained by submitting false documents, the Minister of Justice can revoke the "status of residence" at his "discretion". (And the person will be deported).

Therefore, even if a Chinese person submits "false documents," it is not a crime. It is not a crime to "aid" an innocent act.

The "reason for punishment" in the judgment:

1. The Chinese person obtained "resident status" by submitting a "false employment contract."

2. And they violated the Immigration Control Act (activities outside of their status of residence).

3. The Chinese person obtained "resident status" because "we" provided the Chinese person with a "false employment contract."

4. The Chinese person was able to "reside" in Japan because he obtained "resident status."

5. Because of that, the Chinese person was able to "work illegally."

6. Therefore, "we" who "provided" the Chinese person with a "false employment contract" were punished for "aiding" the Chinese person's "activities outside of their status of residence."

This is an "error" in the arbitrary "logic of law."

This reasoning is the "argument" that "when the wind blows, the barrel maker (profits)." This goes against "legal logic" even internationally.

The "criminal reason" in the indictment cannot be a crime because the provisions of the "Immigration Control Act," which is a "special law," take precedence over the "Criminal Code," which is a "general law."

My argument:

"1": The Immigration Control Act stipulates that the Minister of Justice will revoke the act of a foreigner who has obtained a residence status by submitting false documents (Immigration Control Act: Article 22-4-4, cancellation of residence status) through "administrative disposition." That's all.

"2": The Chinese who engaged in "unqualified work activities" are not guilty. The reason is that their "employers" have not been punished for the "crime of aiding and abetting illegal employment" under Article 73-2 of the Immigration Control Act.

Therefore, under the principle of "equality under the law," the Chinese are not guilty.

The Japanese government has punished "diplomats and Philippine embassy staff" for the exact same "criminal reason."

However, like the Chinese government, the Philippine government is also silent.

The rest will be published in the Saturday edition.

Part 3. Special Zone Construction. A new business model.

Special Zones accept refugees and immigrants as temporary immigrant workers and limit their residence to the special zone.

Developed countries use them as low-wage workers and achieve high economic growth again.

Refugees and immigrants can get jobs and live a hopeful, humane life.

Temporary immigrants are low-wage, but "food, clothing, shelter, medical expenses, and education are free."

NO2: https://world-special-zone.seesaa.net/

NO1: https://naganoopinion.blog.jp/

For NO4: to NO10:, please see the Sunday edition.

Thank you.

Yasuhiro Nagano

P

p