Japanese Prime Minister Shigeru Ishiba has responded to a letter from US President Donald Trump, which warns Tokyo that there is a new trade agreement in high import duties.
Ishiba said on Tuesday that he would continue target talks with the US, which works for both partners.
Trump warned that letters were being sent on Monday, the Ather nations were warned for the latest plans in their trade.
He then said that the US would impose 25% tariffs on imports from its two close associates, Japan and South Korea starting on August 1, apparently unveils two business partners to receive “letters”.
Trump told Japan and South Korea in letters issued on his true social platform, “If for any reason, you decide to increase your taf, whatever number you choose to choose, will be added to 25%, which we charge.”
Thesis tariffs will not be paired with already declared sectoral tafs, searching as a search on automobile and steel and aluminum.
Conversation to continue
It seemed that the Asian markets had announced in their stride, but the Wall Street was affected, in which the S&P 500 index took a dip.
“While the news is disappointing, this does not mean that the game is over,” said Vice President of the Asia Society Policy Institute, Vice -Chairman, said that the game is over. “
In April, Trump announced a 90-day stagnation till 9 July, until July 9, on tariffs ranging from 10% to 50% on dozens of countries including major trading partners.
US Treasury Secretary Scott Besent earlier said that August’s goal is “not a new deadline” for talks.
Isaba said that his earlier conversation with Trump had helped to avoid more tariff rate of about 30-35%.
Hey said that he wants to benefit both countries, “protecting the national of Japan
Interest. ,
And who got the letter
Trump said the US would implement 25% of tethers on exports from Tunisia, Malaysia and Kazakhstan with 30% on South Africa, Bosnia and Herjegovina.
He also announced 32% on Indonesia, 35% on Serbia and Bangladesh, 36% on Cambodia and Thailand and 40% on Laos and Myanmar.
South Africa was one of the recipients of Trump’s letter and 30% affected by mutual tiff. President Cyril Ramfosa said on X that “this is not an accurate representation of the available trade data.”
