Agency: Tariff "suspension period" is delayed and limited, and many countries are caught in the Trump tariff crisis "
Internet reports that as U.S. President Trump changed his tariff deadline to August 1 and adjusted tariff rates set on Japan, South Korea and other countries, many export-dependent economies in Asia have gained more negotiation time, but there has been little relief. The extension keeps many countries at the center of the U.S. government's tariff crackdown, and complicates the negotiations even more by the fact that the U.S. may impose separate industry tariffs on products in key industries such as automobiles, chips and pharmaceuticals, which are the backbone of many Asian countries. James Hacheng, CEO and Chief Information Officer of Senjin Capital, said: If these tariffs continue, they are likely to have a significant adverse impact on Japanese companies exporting to the United States, especially automakers. Such negative effects are likely to be transmitted up the supply chain, affecting Japanese suppliers who do not themselves export to the United States but supply these companies. (Jin Shi)
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