Asian markets largely shrugged off the Trump administration’s latest announcement of tariff rates on some of its trading partners, as the U.S. president also seemingly pushed the start date for new taxes to Aug. 1.
On Monday, Trump’s White House unveiled flat 25% tariffs on Japan and South Korea, two of the U.S’s trading partners. Those are at roughly the same level that Trump originally threatened back in April. But now, U.S. trading partners have until Aug. 1 to negotiate new trade deals, instead of a previously imposed July 9 deadline.
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