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Cryptopolitan on MSNTrump’s new Asia tariff strategy is leaving exporters cluelessDonald Trump’s new Asia tariff strategy is leaving exporters in Vietnam, Indonesia, and the Philippines trying to make sense of what exactly counts as Chinese.
President Trump has “leveraged American bargaining power” with three Asian nations this week — and given himself momentum ahead of the looming Aug. 1 deadline for most “reciprocal tariffs,” experts predict.
President Donald Trump announced trade deals with Japan, the Philippines, and Indonesia this week. But the needle may not have moved much when it comes to swaying Southeast Asia from China's
Asian governments are hoping a flurry of last-minute diplomacy will secure them better deals from the White House. Japan’s chief trade negotiator Ryosei Akazawa met with US Commerce Secretary Howard Lutnick for more than two hours on Monday — his eighth round of trade talks with US officials.
“Trump has put pressure on a seeming plethora of Asian trading partners to buy more U.S. LNG,” said Tim Daiss, at the APAC Energy Consultancy, pointing out that Japan had agreed to buy more despite being so “awash in the fuel” that it was being forced to cancel projects and contracts to offload the excess to Asia’s growing economies.
Asian shares have rallied, with Tokyo's benchmark Nikkei 225 index up more than 3% after Japan and the U.S. announced a deal on President Donald Trump's tariffs.
Asian shares pulled back on Friday, with Japanese markets notably dipping from a recent record, as investors chose to secure profits. This comes ahead of a pivotal week featuring a deadline for U.S. President Donald Trump's tariffs and multiple central bank meetings.
Now that Donald Trump's arbitrary July 9 deadline for negotiations on "reciprocal" tariffs has come and gone, what are the implications for Southeast Asia? To date, Vietnam, Indonesia and the Philippines are the only countries in the region to have secured so-called deals.
Trump's influential trade adviser Peter Navarro dubbed Vietnam "essentially a colony of communist China. "Vietnam sells us $15 for every $1 that we sell them and about $5 of that is just Chinese product that comes into Vietnam,
The United States lifted sanctions designations on several allies of Myanmar's ruling generals on Thursday, two weeks after the head of the ruling junta praised President Donald Trump and called for an easing of sanctions in a letter responding to a tariff warning.