Trump's Trade Tactics: Navigating Asia and Beyond
US President Donald Trump announced trade deals with Japan and other Asian countries, easing some tariff pressures on exports. Talks with China are ongoing with possible deadline extensions. While some tariffs are reduced, not all countries have agreements, affecting economic growth across Asia and globally.
- Country:
- Thailand
US President Donald Trump has successfully negotiated trade deals with Japan and several Asian nations, alleviating some tariff-induced pressures on exports to America.
Ongoing talks with China might see an extended deadline, according to US Treasury Secretary Scott Bessent. Despite these advances, tariffs on steel and aluminum imports remain steadfast, signaling continued global economic impact.
Trump announced a 15 percent tariff on US imports from Japan, down from a proposed 25 percent. However, trade agreements with South Korea, Thailand, and other countries are still pending, leaving economists concerned about potential growth decline in Asia.
(With inputs from agencies.)
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