Asia ignores Trump’s new introductory threat, as governments hope to be able to obtain a deal before August 1

On Monday, the White House Trump unveil 25 % flat on Japan and South Korea, two trading partners in the United States. This is almost the same as Trump originally threatened in April. But now, the American trade partners until August 1 to negotiate new trade deals, instead of the deadline that was previously imposed on July 9.

Japanese Nikkei 225 closed 0.3 % on Tuesday. The South Korea KOOSPI increased by 1.8 %.

in His messages For Japan and South Korea, Trump indicated that the goods that are considered to be transported in order to “evade a higher tariff that will be subject to this high tariff”, although it has not given details.

It was previously announced deal With Vietnam imposing a 40 % tariff on the goods that were transported across the country of Southeast Asia, but the Trump administration has not yet been shared how “transportation” is understood as a concept.

The US President also threatened to raise the customs tariff more if Japan or South Korea is discussing its own measures.

Japanese Prime Minister Shigro Ishiba and South Korean President Lee Jay Meongj expressed his optimism on Tuesday that they might find a desirable ranking for both parties before August 1.

Elsewhere in Asia, the Hang Kong Index in Hang Kong increased by 1 % from 3:30 am. Elegant India 50 flat. Australia S&P/ASX 200 closed apartment.

Trump told correspondents on Monday that the customs tariff was not “100 % firm”, which means that there is still room for negotiation before August 1. A total of 14 messages and more than half has been sent to the economies in Asia.

Southeast Asia

Several other economies, especially in Southeast Asia, were slapped at new tariff rates on Monday, ranging from 25 % to 40 %. While some of these rates were less than what was threatened in April, it is still an escalation of a 10 % tariff on all American imports.

It was originally supposed to end the power to stop the customs tariffs for 90 days for commercial negotiations Wednesday. It seems that this deadline has extended until August 1, allowing more time for negotiations.

This could be a great appreciation of breathing in the economies of Southeast Asia, which Dependence on the United States As a major export market.

Indonesia, Thailand, Malaysia and Cambodia publicly offered to buy more American products, such as energy or agricultural commodities.

Malaysia said, in negotiations with Washington, on Tuesday that it will continue negotiations with the United States, the country has now become a 25 % tariff, which is a higher percentage of what was proposed on “Liberation Day”.

The Ministry of Investment and Trade in Malaysia said in a statement that the country “is committed to continuing to communicate with the United States towards a balanced and beneficial trade agreement.”

In Thailand, Finance Minister Pichai Chhhnhavagira Express Confidence that the country can negotiate a lower tariff after 36 % announced by Trump.

The previous day, Pachay male Thailand offered to reduce import taxes at 90 % on American products, and to cancel taxes on many elements. He believed that the United States has not yet considered a suggestion of Thailand, and that the ongoing talks would lead to a positive result by August 1.

It is expected that the Minister of Coordination in Indonesia for Economic Affairs Airlangga Hartarto will arrive in Washington on July 8 to interview US representatives. Last week, Indonesia He said It was committing 34 billion dollars of trade and investment agreements with the United States. Southeast Asian will now witness a 32 % tariff rate on its products, with the same rate of suggested on April 2.

Cambodia got a 40 % tariff on Monday, less than 49 % threatened in April. A country of Southeast Asia, which happened One of the highest tariff rates on liberation dayAnd previously agreed to reduce the customs tariffs on American goods.