US EditionFaced with new tariffs and a truculent Trump, Japan and South Korea toe a cautious line
- President Trump announced tariffs ranging from 10% to 54% on various countries, alarming allies like Japan and South Korea, who face 26% and 24% tariffs, respectively.
- Ursula von der Leyen, President of the European Commission, stated that the tariffs are a 'major blow to the world economy,' leading to inflation and uncertainty.
- Japan's top government spokesman questioned the legality of the tariffs, noting they complicate investment opportunities for Japanese companies in the U.S.
- In a statement, South African President Cyril Ramaphosa called the tariffs 'a concern and serve as a barrier to trade and shared prosperity.
5 Articles
5 Articles
Burnt allies: Japan, S Korea toe cautious line after Trump tariffs
Two months into US President Donald Trump’s second term, the liberal international order is on life support. Alliances and multilateral institutions are now seen by the United States as burdens. Europe and NATO are framed as bad business, “ripping off” the US. On his so-called “Liberation Day”, Trump also imposed 20% tariffs on all European […] The post Burnt allies: Japan, S Korea toe cautious line after Trump tariffs appeared first on Asia Tim…
Trump tariffs spark ire and dismay from international leaders
Traditional allies, including the European Union, South Korea and Japan, face tariffs as high as 20%, while China confronts a 34% tariff on top of an existing 20% tax on imports to the U.S..(Image credit: Ahn Young-joon)
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