Asian Nations Race to Ink Trade Deals With US Before Deadline

Countries across Asia are rushing to agree better trade terms with the US after President Donald Trump shifted his tariff deadline to Aug. 1 and tweaked the rates he’s set for many economies.

South Korea said it will fix rules and regulations to address US demands to lower non-tariff barriers. Japanese Prime Minister Shigeru Ishiba said he was actively seeking a deal that would offer benefits for both the US and Japan. The comments came after Trump announced tariffs of 25% on goods from both countries.