Japan, Trump and tariffs
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Trump, tariff and Hit Multiple
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President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.
Japanese shipper K-Line forecasts a US$200 million hit from US tariffs and is adjusting its fleet of ships to other regions.
President Trump’s approach to setting tariff rates is causing anxiety in the business community, with the trickling flow of letters to trade partners exacerbating concerns over hits to the economy. The president has sent two dozen letters to countries,
While South Korean imports to the U.S. face 25% tariffs, the same as Trump promised in April, the rate on Japan has been raised by 1 percentage point to 25%.
20hon MSN
The country is one of three dozen trading partners under threat of so-called reciprocal tariffs that has yet to receive a letter from Trump.
US President Donald Trump came out with another criticism of Japan's trade stance on Tuesday, claiming the country refuses to "open up."
Asian shares were mostly lower in early Tuesday trading, as worries about President Donald Trump’s latest updates to his tariffs weighed on investor sentiments. Japan's benchmark Nikkei 225 rose 0.1% in morning trading to 39,
The president has earned a reputation for bluffing on tariffs. But he has steadily and dramatically raised U.S. tariffs, transforming global trade.