Tariffs against Japan.
This is a daily alert for heatstroke warnings.
Heading outside feels like a hot suffocating experience, hello.
Now, news that came in late at night as breaking news.
About tariffs that President Trump plans to impose on Japan.
(Quoted from Yahoo News below ↓)
【Kyodo News】President Trump announced on his own social media on the 7th that he has written a letter to Prime Minister Shigeru Ishiba and revealed that “From August 1, the United States will impose a 25% tariff on all Japanese goods imported.” White House spokesperson Leavitt said the suspension of the “mutual tariffs” extension would be moved from the 9th of this month to August 1. It is seen as a strategy to pressure countries and regions to open their markets through negotiations while indicating new tariff rates.
(Kyodo News)In the letter to Japan, Trump pointed to the massive trade deficit the U.S. has with Japan. He explained that items subject to sector-specific tariffs such as automobiles and steel would be treated differently.
Trump also argued that if Japanese companies manufacture goods in the United States, tariffs would be zero, reiterating his call for investment in the United States.He stated that if Japan opens its market or eliminates tariffs, the tariff rate could be modified. Conversely, he emphasized that if Japan takes countermeasures, tariffs would be increased....That is the briefing.
Initially, it was said to be 24%, but it has become 25%.
Compared with the mutual tariff rate announced in April, among the 14 countries disclosed, only Japan and Malaysia had their rates increased by 1%.
Hmm, what will happen to the Japanese economy?
The exchange rate also seems to be moving toward a weaker yen.
https://www.gogojungle.co.jp/tools/indicators/48521?via=users
https://www.gogojungle.co.jp/tools/indicators/55316
