Japan, South Korea and Trump
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Trump, tariff and Deadline
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Trump shared screenshots of letters detailing new tariff rates for over a dozen countries, allowing room for further negotiations before the renewed deadline of Aug. 1.
By Tamiyuki Kihara, Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) -When Japanese Premier Shigeru Ishiba first met Donald Trump in February, his plan to placate the protectionist president's long-held frustration with Tokyo on trade was a promise to invest $1 trillion in the United States.
On July 7th Donald Trump, America’s president, sent letters to Japan, South Korea and a dozen other trading partners pushing back the deadline for their trade talks from July 9th to August 1st and tweaking the tariffs they will face if talks fail.
The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.