Will US Tariff Pressure on Japan and South Korea Push Them Closer to China?
7 Articles
7 Articles
China wins as Trump’s ‘Tariff Man’ act trashes Japan’s 2025
TOKYO — As if Japan’s economy weren’t having a rotten enough 2025, Donald Trump just upped the pressure exponentially with a 25% tariff. The same day Tokyo got disastrous news from Washington, data showed that real wages in Japan fell the fastest in 20 months in May. The 2.9% year-on-year drop marks the fifth consecutive month in […] The post China wins as Trump’s ‘Tariff Man’ act trashes Japan’s 2025 appeared first on Asia Times.
Donald Trump pointed out last night his trade war on the Asian continent, whose countries received nine of the fourteen letters sent by the White House warning of new tariffs. Even his closest allies, Japan and South Korea, were not exempted. A peculiar way to increase pressure in the face of lack of progress, because in practice the overruns remain the same while granting three more weeks of scope to reach an agreement. Thus, the region has tod…
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