Trump Delays Tariff Deadlines, Markets React
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BTCCSquare news:
President Trump's anticipated Liberation Day tariffs, originally set for July 9, have been postponed to August 1. The decision follows a series of adjustments to trade policies, with traders showing relief as US stocks rebounded early in the session.
Japan and South Korea face updated tariffs of 25%, sparking mixed reactions. South Korea aims to negotiate the rate down, while Japanese Prime Minister Shigeru Ishiba labeled the MOVE "extremely regrettable" but expressed hopes for a future agreement.
Other affected nations include Malaysia and Cambodia, with revised rates of 24% and 36%, respectively. Trump's ambiguity about the August 1 deadline—"I WOULD say firm, but not 100% firm"—leaves room for further negotiation.
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