Japan, South Korea and Donald Trump
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Trump, tariff and Deadline
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Secretary of State Marco Rubio met counterparts in Southeast Asia during his first visit to the region since taking office.
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,
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NDTV Profit on MSNTrump Tariffs LIVE: 50% Levy On Brazil; New Letters Issued To Iraq, Libya, Sri Lanka, OthersImposed 30% tariffs on Libya, Iraq, Sri Lanka, and Algeria. Slapped 25% tariffs on Moldova and Brunei. Announced 50% tariffs on Brazil. Sri Lanka would continue to engage with the US for a "mutually beneficial" outcome on tariffs,
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Stocktwits on MSNJapanese Carmakers Cut US Export Prices Most In Nearly A Decade To Offset Trump TariffsJapanese carmakers cut export prices to the U.S. by a record 19.4% in June, the steepest decline since at least 2016. The drop reflects efforts to stay competitive after U.S. President Donald Trump’s 25% auto tariffs took effect in April,
President Donald Trump's threats to impose high tariffs on countries make U.S. trading partners and investors nervous. But his sector tariffs could hurt consumers and businesses more in the long run.
U.S. President Donald Trump's latest tariff delay provided some hope to major trade partners Japan, South Korea and the European Union that deals to ease duties could still be reached, while bewildering some smaller exporters such as South Africa and leaving companies with no clarity on the path forward.
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In his new round of tariffs being announced this week, Trump is essentially tethering the entire world economy to his instinctual belief that import taxes will deliver factory jobs and stronger growth in the U.S., rather than the inflation and slowdown predicted by many economists.