Japan, Donald Trump and South Korea
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The US sets reciprocal tariffs of 25% for Japan and South Korea. Both countries vowed to accelerate negotiations within three weeks.
Japanese Prime Minister Shigeru Ishiba called the announcement of slightly higher US tariffs “truly regrettable” while he vowed to continue to protect his nation’s interests in the extended trade negotiations.
Japanese Prime Minister Shigeru Ishiba on Tuesday said US-imposed tariffs on Japanese imports would have an impact on the country, but added that negotiations would continue.
Japanese real wages in May fell at the fastest pace in nearly two years as persistent inflation continued to outpace wage growth and hinder consumption-led growth in the world's fourth-largest economy,
The Japanese are feeling ‘sad and betrayed’ at the US president’s treatment of a long-term ally, an observer says.
TSMC’s Arizona factories are the only ones outside Taiwan that are designed to produce leading-edge chips for American tech giants such as Apple, Nvidia and AMD. That aligns with the push by both the Biden and Trump administrations for greater domestic semiconductor manufacturing.