TechFlow, July 8 — According to Jinshi Data, as U.S. President Trump moved the tariff deadline to August 1 and adjusted tariff rates on countries including Japan and South Korea, several export-dependent Asian economies have gained additional negotiation time but have seen little relief. The extension keeps multiple nations in the crosshairs of U.S. government tariffs, while talks are further complicated by the possibility that the U.S. may impose sector-specific tariffs on key industries such as automobiles, semiconductors, and pharmaceuticals—sectors that form the economic backbone of several Asian countries.
James Halse, CEO and CIO of Senjin Capital, said: "If these tariffs persist, they could significantly adversely affect Japanese companies exporting to the U.S., particularly automakers. This negative impact is likely to ripple up the supply chain, affecting Japanese suppliers who may not directly export to the U.S. but provide components to these companies."
