TechFlow, July 8 — According to Jinshi Data, Morgan Stanley economists said that U.S. trade negotiations are moving toward tactical escalation. The bank's report stated that if the latest tariffs proposed by the Trump administration in letters to its trade partners take effect, Asia's weighted average tariff rate would rise to 27%. However, Trump has indicated that the U.S. is close to reaching an agreement with India. Morgan Stanley said this suggests most major Asian economies will be able to reach agreements before the August 1 deadline. But Japan and South Korea may fail to resolve key issues through negotiations. These issues include automobile tariffs and agricultural products for Japan, and tariff relief on automobiles and steel for South Korea.
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