Trump’s Tariffs Spark Shock in Japan and China, Rattle Stocks
President TRUMP has unleashed a fresh wave of tariffs on 14 countries, including Japan and China, sending shockwaves through global markets. The tariffs, set to take effect on August 1, have triggered swift reactions from affected nations and injected volatility into equity markets. Japan’s Prime Minister Shigeru Ishiba labeled the move "truly regrettable," as the tariff on Japanese goods jumps to 25%, up from 24%, threatening key exports like automobiles and electronics.
China has warned of retaliation if the tariffs proceed, jeopardizing the fragile trade truce struck in June. Meanwhile, South Korea, Malaysia, Tunisia, and Kazakhstan also face the 25% levy. Asian stocks fluctuated as traders weighed the potential for last-minute negotiations.
