{"id":20216,"date":"2025-07-08T01:03:45","date_gmt":"2025-07-08T01:03:45","guid":{"rendered":"http:\/\/thisbiginfluence.com\/?p=20216"},"modified":"2025-07-08T01:03:46","modified_gmt":"2025-07-08T01:03:46","slug":"donald-trump-threatens-japan-and-south-korea-with-steep-tariffs","status":"publish","type":"post","link":"https:\/\/thisbiginfluence.com\/?p=20216","title":{"rendered":"Donald Trump threatens Japan and South Korea with steep tariffs"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>Unlock the White Home Watch publication totally free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\">Your information to what Trump\u2019s second time period means for Washington, enterprise and the world<\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=3c9190ca-03e2-4beb-afb4-bbbe9aa5983a&amp;newsletter-id=65b8fec772badb00166eafc6\"><\/iframe><\/div>\n<div id=\"article-body\">\n<div class=\"n-content-layout\" data-layout-name=\"card\" data-layout-width=\"full-width\">\n<div class=\"n-content-layout__container\">\n<div class=\"n-content-layout__slot\">\n<p>This text is an on-site model of our FirstFT publication. Subscribers can signal as much as our <a href=\"https:\/\/ep.ft.com\/newsletters\/56caef18434fd60300f27c05\/subscribe\" data-trackable=\"link\">Asia<\/a>, <a href=\"https:\/\/ep.ft.com\/newsletters\/56caeea88b8aca0300efcbdc\/subscribe\" data-trackable=\"link\">Europe\/Africa<\/a> or <a href=\"https:\/\/ep.ft.com\/newsletters\/56caef0ea9b6b90300a2283f\/subscribe\" data-trackable=\"link\">Americas<\/a> version to get the publication delivered each weekday morning. Discover all of our newsletters <a href=\"https:\/\/www.ft.com\/newsletters\" data-trackable=\"link\">here<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>Good morning and welcome again to FirstFT Asia. In in the present day\u2019s publication: <\/p>\n<ul class=\"o3-editorial-typography-list-unordered\">\n<li>\n<p>Trump threatens Asian allies with steep tariffs <\/p>\n<\/li>\n<li>\n<p>Wall Avenue buying and selling agency fights India ban<\/p>\n<\/li>\n<li>\n<p>Hong Kong\u2019s listings pipeline hits file excessive<\/p>\n<\/li>\n<li>\n<p>Dishoom\u2019s information to eating in Mumbai<\/p>\n<\/li>\n<\/ul>\n<hr\/>\n<p>Donald Trump has renewed his risk to hit main buying and selling companions with steep \u201creciprocal\u201d tariffs whilst he granted a three-week reprieve for nations to barter commerce offers with the US. <\/p>\n<p><strong>What occurred:<\/strong> Trump <a href=\"https:\/\/www.ft.com\/content\/613678ac-2e61-436b-9d0f-2a8f85a20dee\" data-trackable=\"link\">sent letters to Japan and South Korea<\/a>, each among the many US\u2019s largest buying and selling counterparts, saying the nation would impose 25 per cent levies starting on August 1. The president additionally introduced large levies on Malaysia, South Africa and several other different nations. The tariffs have been roughly on a par with these Trump unveiled throughout his \u201cliberation day\u201d announcement on April 2.<\/p>\n<p>Within the letters, addressed to Shigeru Ishiba, Japan\u2019s prime minister, and Lee Jae-myung, South Korea\u2019s president, Trump mentioned that if both nation elevated its tariffs in retaliation \u201cthen, regardless of the quantity you select to lift them by, shall be added on to the 25 per cent that we cost\u201d. However he indicated that the proposed tariffs could possibly be negotiated down if the nations opened their markets<\/p>\n<p><strong>Market response:<\/strong> The dimensions of Trump\u2019s tariff threats yesterday pressured markets regardless of the delay of their implementation. The S&amp;P 500 ended Monday down 0.8 per cent. In the meantime, the Japanese, South Korean and South African currencies all declined about 1 per cent in opposition to the US greenback.<\/p>\n<p>Right here\u2019s what else we\u2019re retaining tabs on in the present day:<\/p>\n<ul class=\"o3-editorial-typography-list-unordered\">\n<li>\n<p><strong>Financial knowledge:<\/strong> Taiwan publishes June inflation and commerce figures.<\/p>\n<\/li>\n<li>\n<p><strong>Financial coverage:<\/strong> The Reserve Financial institution of Australia is predicted to <a href=\"https:\/\/www.theguardian.com\/australia-news\/2025\/jul\/07\/rba-interest-rates-reserve-bank-tipped-cut-official-cash-rate-july\" data-trackable=\"link\">cut<\/a> rates of interest. (The Guardian)<\/p>\n<\/li>\n<li>\n<p><strong>Asean assembly:<\/strong> Overseas ministers from the south-east Asian bloc collect in Kuala Lumpur, Malaysia, for conferences persevering with till Friday. US secretary of state Marco Rubio is predicted to be in attendance. <\/p>\n<\/li>\n<\/ul>\n<h3 class=\"n-content-heading-3 o3-editorial-typography-subheading\">5 extra prime tales<\/h3>\n<p><strong>1.<\/strong> <strong>Jane Avenue plans to contest a discovering by India\u2019s monetary regulator<\/strong> that the Wall Avenue buying and selling agency engaged in \u201can intentional, effectively deliberate, and sinister scheme\u201d to control the nation\u2019s markets. The Securities and Trade Board of India banned Jane Avenue from dealing securities within the nation and ordered the agency to <a href=\"https:\/\/www.ft.com\/content\/6cf91467-4dd6-4dd7-97c6-c30a6a1f7afe\" data-trackable=\"link\">return more than $550mn of \u201cillegal gains\u201d<\/a>.\u00a0<\/p>\n<p><strong>2.<\/strong> <strong>Iran\u2019s president Masoud Pezeshkian has mentioned that Israel tried to assassinate him<\/strong> throughout final month\u2019s 12-day struggle between the 2 nations. Pezeshkian made the declare in a video interview with American conservative media persona Tucker Carlson, throughout which he additionally signalled that Iran stays open to renewed diplomacy with the US over the Islamic republic\u2019s nuclear programme. <a href=\"https:\/\/www.ft.com\/content\/65f35602-94e5-41c6-869a-4192550e9eb0\" data-trackable=\"link\">Read the full story<\/a>.<\/p>\n<p><strong>3.<\/strong> <strong>Russia\u2019s state investigative authority mentioned yesterday that the nation\u2019s transport minister had died from a suspected suicide,<\/strong> on the <a href=\"https:\/\/www.ft.com\/content\/98e20172-2d9c-4918-a247-9cba294c04f3\" data-trackable=\"link\">same day he was fired by President Vladimir Putin<\/a>. Roman Starovoyt\u2019s loss of life got here amid a corruption probe into the development of defensive fortifications in Kursk, which he ruled till Could 2024.<\/p>\n<p><strong>4. Italian authorities have arrested a Chinese language citizen suspected of being linked to a state-sponsored hacking group<\/strong> that sought to steal Covid-19 vaccine secrets and techniques from the US on the top of the pandemic. The Beijing-backed group was <a href=\"https:\/\/www.ft.com\/content\/f7299b6f-2b58-46c0-bbe5-e650357e8f48\" data-trackable=\"link\">accused of penetrating Microsoft email software<\/a> in 2021 in a mass espionage marketing campaign, an individual conversant in the matter mentioned.<\/p>\n<ul class=\"o3-editorial-typography-list-unordered\">\n<li>\n<p><strong>EU-China local weather stand-off:<\/strong> The EU is <a href=\"https:\/\/www.ft.com\/content\/0ffe094b-52f0-499c-9b5c-c89743ba5d4d\" data-trackable=\"link\">holding back on signing<\/a> a joint declaration on local weather motion with China at a leaders\u2019 summit this month, except Beijing pledges larger efforts to chop its greenhouse fuel emissions.<\/p>\n<\/li>\n<\/ul>\n<p><strong>5. Tesla shares tumbled after the electric-car maker\u2019s chief govt Elon Musk mentioned he would kind a brand new political social gathering,<\/strong> escalating a feud with Trump that <a href=\"https:\/\/www.ft.com\/content\/b69a2f75-9e36-4cca-b8cc-5ead166408c5\" data-trackable=\"link\">could imperil the billionaire\u2019s business empire<\/a>. A return to political activism is opposite to what Musk promised shareholders in late April. <\/p>\n<h3 class=\"n-content-heading-3 o3-editorial-typography-subheading\">The Massive Learn<\/h3>\n<figure class=\"n-content-image n-content-image--full\" data-component=\"image-set\"><picture><source media=\"(min-width: 700px)\" srcset=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/ftcms%3Aad17aeb9-395f-4ee2-bb3d-abdd9a4766e1?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=591&amp;dpr=1 1x\" width=\"591\" height=\"394\"\/><img decoding=\"async\" src=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2Fad17aeb9-395f-4ee2-bb3d-abdd9a4766e1.jpg?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1\" alt=\"\" data-image-type=\"image\" width=\"591\" height=\"394\" loading=\"lazy\"\/><\/picture><figcaption class=\"n-content-picture__caption o3-editorial-typography-caption\"><span>Almasa Salihovi\u0107, whose brother was amongst greater than 8,000 Bosnian Muslims rounded up and murdered by Bosnian Serbs in 1995, walks amongst graves on the memorial centre in Srebrenica<\/span><span> <!-- -->\u00a9 L\u00e1szl\u00f3 Balogh\/FT<\/span><\/figcaption><\/figure>\n<p>\u200bBecause the world prepares to mark the anniversary of the Srebrenica bloodbath three a long time in the past this week, Bosnia and Herzegovina is dealing with a dangerous second of political upheaval. Learn <a href=\"https:\/\/www.ft.com\/content\/e4120881-6ed8-42c5-b06a-f00fefa4b94f\" data-trackable=\"link\">why trouble is brewing again<\/a> within the ethnically riven Balkan state.<\/p>\n<h3 class=\"n-content-heading-3 o3-editorial-typography-subheading\">We\u2019re additionally studying\u2009.\u2009.\u2009.\u2009<\/h3>\n<ul class=\"o3-editorial-typography-list-unordered\">\n<li>\n<p><strong>Immigration crackdown:<\/strong> Trump has catapulted ICE into America\u2019s best-funded legislation enforcement company \u2014 and more and more <a href=\"https:\/\/www.ft.com\/content\/b6a5a59e-6985-4634-9999-d892b04d128d\" data-trackable=\"link\">beyond accountability<\/a>, writes Edward Luce. <\/p>\n<\/li>\n<li>\n<p><strong>Loss of life of the apprenticeship mannequin?:<\/strong> As hybrid working and AI upend on-the-job studying, employers must be <a href=\"https:\/\/email.newsletters.ft.com\/c\/eJyMkc1uGzsMhZ9mZkeDojj6WWgR4MJA1rd9AIqikmntcToj1-jbFwhSZJs1eQ7Oh09l2Mtt_1M2exwXG8P2uZVeOXearbi4uBQoJDfbVdbLcyuWEqUgEZq3ABz9Ajk7hcZLzB6Dsbb5tdCCYgsnbTU2t8TFLOQUa-jCloTntRDSghEjskdPp9jR9VBD6q65rH5i_Bx1nPo46e06X8rrGG_H5J8mOk90fjweH6eJznrbhm1jojNGhynXBMlnAe45gPSYwWdWTOI4NDf58wfU5P_7CtZE4bCXq23jPUKEzplFSDkIJGUFIkGIAb3nVGMnmi_rMZ5bWYKKmaRUk6igR7Suten8tt_aXUc53mT_Oe-l2vZDrut2eqyXV7tcJ8YP8t1-3e29zOfmQosKCyECN6mQzCEkQfWmLorpv3dr_9vWvq3XT5nk51Hu97VN_ulLNscu2yE61tv23Aqn6pQNAWURYK0dKgeDaKzBWcjsdb4ftn-_r610Uc7VEzApAWNHqF4UugaKSLlZkPl3ob8BAAD__9D9vow\" data-trackable=\"link\">more deliberate<\/a> within the coaching they provide junior employees, writes Emma Jacobs.<\/p>\n<\/li>\n<li>\n<p><strong>BlackRock\u2019s HPS takeover:<\/strong> The general public markets big tried personal credit score as soon as earlier than. Will its newest large foray <a href=\"https:\/\/email.newsletters.ft.com\/c\/eJyMkc1uGzsMhZ9mZieDIjn6WWgR4MJA1rd9AIqikmntcToj1-jbFwhSZJs1eQ7Oh09l2Mtt_1M2exwXG8P2uZVeOXecrfi4-BQwJD_bVdbLcyuWEqYg0TWy4DjS4nL26hovMRMEY23za2HKvrUo3LNYBslgoWLW1DiFQG1eCwIuECECExCeYgffQw2p--az0sTwOeo49XHS23W-lNcx3o6JniY8T3h-PB4fpwnPetuGbWPCczLC0JfF5Yrk2Kw6Ee2uaUS26iOxTnT-gJrov69gTRgOe7naNt4jiOC9WXQpB3FJWR2igIsBiDjV2BHny3qM51aWoGImKdUkKkAA1rU2nd_2W7vrKMeb7D_nvVTbfsh13U6P9fJql-vE8EG-26-7vZdRbj60qG5BAMdNqkvmwSUBJVMfxfTfu7X_bWvf1uunTKR5lPt9bRM9fcnm2GU7RMd6255b4VS9soEDWcSx1u4qB3PRWIO3kJl0vh-2f7-vrXRRzpXQMSo6hg6ukqjrGjAC5mZB5t8F_wYAAP__c1m_mg\" data-trackable=\"link\">fare better<\/a>?<\/p>\n<\/li>\n<\/ul>\n<h3 class=\"n-content-heading-3 o3-editorial-typography-subheading\">Chart of the day\u2009<\/h3>\n<p>The variety of corporations making use of for a list in Hong Kong this yr has hit an all-time excessive, because the territory tries to <a href=\"https:\/\/www.ft.com\/content\/97dc9254-5254-42a4-8503-ca037e843a34\" data-trackable=\"link\">regain its status as a top financial hub<\/a>.<\/p>\n<div class=\"n-content-layout\" data-component=\"flourish\" data-component-id=\"24082201\" data-component-type=\"flourish-in-article\">\n<figure class=\"n-content-picture n-content-layout__container\"><a href=\"#24082201\"><picture data-asset-type=\"flourish\" data-flourish-id=\"24082201\" data-flourish-type=\"visualisation\">\n<div id=\"24082201\" class=\"cp-message o-message o-message--inform o-message--notice\" data-o-component=\"o-message\">\n<div class=\"o-message__container\">\n<div class=\"o-message__content\">\n<p class=\"o-message__content-main\">Some content could not load. Check your internet connection or browser settings.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https%3A%2F%2Fpublic.flourish.studio%2Fvisualisation%2F24082201%2Fthumbnail%3FcacheBuster%3D973292?source=cp-content-pipeline&amp;fit=scale-down&amp;quality=highest&amp;width=1020&amp;dpr=1\" alt=\"\"\/><\/picture><\/a><\/figure>\n<\/div>\n<h3 class=\"n-content-heading-3 o3-editorial-typography-subheading\">Take a break from the information<\/h3>\n<p>.\u2009.\u2009.\u2009and take a look at <a href=\"https:\/\/www.ft.com\/content\/d899f7c2-a877-4abe-a3df-8bbd9ebd4fc5\" data-trackable=\"link\">Dishoom\u2019s guide to dining in Mumbai<\/a>. The cousins behind the cult Indian restaurant chain share the place they eat and drink within the megalopolis that conjures up their delicacies. <\/p>\n<figure class=\"n-content-image n-content-image--full\" data-component=\"image-set\"><picture><source media=\"(min-width: 700px)\" srcset=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/ftcms%3A1baaebed-78bf-4cee-b31d-58cc567eeacf?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1 1x,https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/ftcms%3A1baaebed-78bf-4cee-b31d-58cc567eeacf?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=2 2x\" width=\"1728\" height=\"1152\"\/><img decoding=\"async\" src=\"https:\/\/www.ft.com\/__origami\/service\/image\/v2\/images\/raw\/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F1baaebed-78bf-4cee-b31d-58cc567eeacf.jpg?source=next-article&amp;fit=scale-down&amp;quality=highest&amp;width=700&amp;dpr=1\" alt=\"Dishoom founders Shamil Thakrar and Kavi Thakrar sitting on a slatted-front cabinet in front of a red and white wall on which are hung photographic portraits. To the right of the images is a yellow and red weight-checking machine\" data-image-type=\"image\" width=\"1728\" height=\"1152\" loading=\"lazy\"\/><\/picture><figcaption class=\"n-content-picture__caption o3-editorial-typography-caption\"><span>Dishoom founders Shamil Thakrar and Kavi Thakrar<\/span><span> <!-- -->\u00a9 Tami Aftab<\/span><\/figcaption><\/figure>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.ft.com\/content\/3c9190ca-03e2-4beb-afb4-bbbe9aa5983a\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the White Home Watch publication totally free Your information to what Trump\u2019s second time period means for Washington, enterprise and the world This text is an on-site model of our FirstFT publication. Subscribers can signal as much as our Asia, Europe\/Africa or Americas version to get the publication delivered each weekday morning. Discover all [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20218,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[56,81,87,86,3078,4131,3328,57],"class_list":["post-20216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-donald","tag-japan","tag-korea","tag-south","tag-steep","tag-tariffs","tag-threatens","tag-trump"],"_links":{"self":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/posts\/20216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20216"}],"version-history":[{"count":0,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/posts\/20216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=\/wp\/v2\/media\/20218"}],"wp:attachment":[{"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thisbiginfluence.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}