Asian Economies in Rush to Cut Tariff Deals as US Deadline Moves

Asian countries including Japan and South Korea said they’ll keep pushing for a better deal for their exports to the US after President Donald Trump shifted his tariff deadline to Aug. 1 and tweaked the rates he’s set for many economies.

In his first wave of letters to key trading partners, Trump announced levies of 25% on goods from Japan and South Korea, with rates for Indonesia and Thailand set at over 30%. The US president also signed an executive order holding off the new duties until Aug. 1.