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Institution: Tariff "Pause" Postponed, Limited Relief as Multiple Countries Face Trump Tariff Crisis
BlockBeats News, July 8th, as U.S. President Trump changed the tariff deadline to August 1st and adjusted the tariff rates set for countries such as Japan and South Korea, several export-dependent Asian economies have gained more negotiation time, but have received little relief. This extension has kept multiple countries in the spotlight of the U.S. government's tariff offensive, and complicating the negotiations further, the U.S. may impose industry-specific tariffs on key industry products such as automobiles, semiconductors, and pharmaceuticals, which are the economic pillars of several Asian countries.
James Halse, CEO and CIO of Senjin Capital, said, "If these tariffs persist, they are likely to have a significant adverse impact on Japanese companies, especially automakers, exporting to the United States. Such negative effects are likely to ripple through the supply chain, affecting Japanese suppliers who supply these companies, even though they themselves do not export to the United States." (FXStreet)
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