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Asia shrugs off Trump’s new tariff threat, as governments hope they can get a deal before August 1

Upworthy Tuesday, 8 July 2025 ()
Asian markets largely shrugged off Trump’s latest announcement of tariff rates on some of its trading partners, as the U.S. president also seemingly pushed the start date for new taxes to August 1. On Monday, Trump’s White House unveiled flat 25% tariffs on Japan and South Korea, two of the U.S’s…
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News video: TRUMP TARIFF BLITZ | 20–30% Tariff THREATS Sent to 6 More Countries in Fiery Move

TRUMP TARIFF BLITZ | 20–30% Tariff THREATS Sent to 6 More Countries in Fiery Move 03:14

 President Trump has issued new tariff letters to six more countries—Philippines, Brunei, Moldova, Algeria, Iraq, and Libya—via Truth Social, with 20–30% duties set to begin August 1. This follows his April plan to reset global trade, which was paused for 90 days. Trump warns rates may shift...

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