Japan, South Korea face 25% tariffs
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The impact of U.S. tariffs on Japan's exports and output was limited for now, but many companies worried about the risk of weaking global demand ahead, the central bank said on Thursday. While some areas in Japan saw companies delaying or reviewing capital expenditure plans,
Export price index for vehicles shipped to North America plunged 19.4 per cent from a year earlier in June. Read more at straitstimes.com. Read more at straitstimes.com.
For many countries, the reprieve from President Donald Trump’s eye-watering tariffs, which were implemented on April 2 and temporarily reduced to 10% a week later, is soon set to come to an end. The 90-day pause,
Japan is seeking talks between tariff negotiator Ryosei Akazawa and U.S. Treasury Secretary Scott Bessent when the U.S. official visits Japan for the World Expo next week, Yomiuri newspaper reported on Thursday citing Japanese government sources.
The Japanese government announced Tuesday it plans to negotiate with the Trump administration over a planned increase in the tariff rate placed on it, even if it was painful news to receive.
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Mid-Day on MSNUS Prez Donald Trump’s 25% US Tariff Trigger Economic Jitters; Japan`s PM Shigeru Ishiba RespondsU.S. President Donald Trump has announced a 25% tariff on imports from key trade partners starting August, raising concerns in Japan. The move triggered a dip in the yen and fears of economic fallout in Tokyo.
Sentiment in Japan's service sector improved slightly in June, a government survey showed on Tuesday, as solid demand for summer clothing and leisure offset the gloom from U.S. tariffs.