Japan calls Trump’s latest tariff salvo ‘regrettable’
Japanese Prime Minister Shigeru Ishiba speaks at a press conference on 11 November 2024 at a press conference in the official housing of the Prime Minister in Tokyo, Japan.
Kiyoshi Ota | Through Reuters
US President Donald Trump’s tariff letters threatening upright tasks in many countries, including key allies, led to “shock” and “regret” even if countries expressed positive results that negotiations will give positive results.
Japanese Prime Minister Shigeru Ishiba’s latest tariff announcement “Really sad,” According to local media reports, emphasizing that it will continue negotiations with the US government.
Japan is among the two countries that are ready to see an increase in the “mutual” tariff rate of Trump in April. According to the White House, Japanese imports will face a 25% tax from 1 August onwards.
At a meeting with cabinet ministers on the tariffs of Japan on tariffs, Ishiba said that the Trump administration proposed a plan to continue negotiations until the deadline of August.
Depending on the response of Japan, the content of the letter can be revised, İs Ishiba said at a meeting on Tuesday morning, and hours after Trump’s social media platform released a copy of tariff letters at the real Social.
Meanwhile, South Korean leaders promised to accelerate tariff negotiations with the Trump administration to “solve trade uncertainties rapidly”. Yonhap News reportedA statement from the Ministry of Commerce, Industry and Energy.
Trump announced a 20% blanket tariff on imports from the country unchanged from the “mutual” tariff level announced in April.
South Korean Trade Minister Yeo Han-Kooo Sub -tariffs At a meeting with US Trade Secretary Howard Lutnick in Washington, about cars, steel and other goods for Korean companies.
Thai Finance Minister Pichai Chunhavajira said on Tuesday, according to Reuters, the latest tariff rate was “a little shock” but “confident”, he said.
Thailand is faced with a 36% tariff in its exports to the US, one of the most steep rates between the 14 countries made to the US, which does not change from the April level.
Seeing that the tariff rate increased from 24% to 25%, which was previously threatened, Malaysia said it would continue to interact with the US to address extraordinary problems.
The Ministry of Investment, Trade and Industry said on Tuesday, “Malaysia is determined to continue a balanced, mutually beneficial and comprehensive trade agreement with the United States.” He said.
Apart from Asia, South African President Cyril Ramaphosa, a Published in X. Ramaphosa, “It was not the right representation of the current trade data, Ram said Ramaphosa, 77% of the US goods entered the country with zero tariff, he added.
South Africa will continue with diplomatic efforts for “a more balanced and mutual trade relationship with the US”.
Deborah Elms, head of the Hinrich Foundation of a Thought Tank Hinrich Foundation, said countries’ negotiation efforts with Trump have little effect on the outcome.
“ASEAN members who work hard to develop packages received almost the same treatment as countries that did not fly to DC or not invited to meet.”
On Monday, Trump shared the screenshots of letters, which detailed the new tariff rates for more than a dozen social media mission in a series of social media mission, and provided more for negotiation before the renewed deadline of August 1st. Letters have shown that the US can consider adjusting new tariff levels.
