Trump Ocker deals with Japan, the Philippines with a final date approaching August 1 – national

US President Donald Trump It announced commercial deals with Japan and a handful of other Asian countries that will reduce some pressure on companies and consumers from A sharp tariff On their exports to the United States.

An agreement with China under negotiation, with US Treasury Secretary Scott Besent, saying that the deadline on August 12 may be postponed again to allow more time for talks.

However, sharp definitions of American imports of steel and aluminum, however, many other countries, including South Korea and Thailand have not yet received agreements. In general, economists say customs duties will inevitably work on the growth of Asia and the world.

Trump and Japanese Prime Minister Shigro Ishiba announced a deal on Wednesday that will impose 15 tariffs on US imports from Japan, to the bottom of the 25 percent “mutual” definitions of Trump.

It was a great relief for automobile companies such as Toyota Motor Corp. Honda, whose shares jumped with double numbers in Tokyo. Trump also announced commercial deals with the Philippines and Indonesia. After his meeting with Philippine President Ferdinand Marcus, the son, Trump said that the import tax on his country was subject to a 19 % tariff, only one percent decrease from the previous threat of a 20 percent tariff.

Indonesia will also face a 19 percent tariff, a decrease from 32 percent average that Trump said recently, and is committed to eliminating almost all commercial barriers of US commodity imports. Earlier, Trump announced that Vietnam’s exports would face a 20 percent tariff, with twice the rate of goods transported from China, although there is no official advertisement.

Negotiations with China are subject to a final date on August 12, but it is likely to be extended. He said that the two sides were to be held another round of talks, this time in Sweden, early next week. Meanwhile, Trump said the trip to China may occur soon, hinting at the efforts made to stabilize trade relations between the United States and China.

A first agreement that was announced in June paved the way for China to lift some restrictions on its rare land exports, important minerals for high technology and other manufacturing. In May, the United States agreed to drop the Trump tariff rate by 145 percent on Chinese goods to 30 percent for 90 days, while China has agreed to reduce the rate of US goods of 125 percent to 10 percent. Repieves allowed companies more time to rush to try to overcome potential high tariffs, while giving a boost to Chinese exports and relieving some pressure on their manufacturing sector. But the lengthy uncertainty about what Trump might do may have left companies cautious against adhering to more investment in China.

The pressure on some countries in Asia and other places is escalating with the deadline on August 1 for the deals approach.

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Trump sent messages, published on the social truth, and determining the higher definitions that some countries will face if they fail to reach the agreements. He said they will face a higher tariff if they criticize by raising their import duties. South Korea has been appointed 25 percent. Import taxes from Myanmar and Laos will be imposed by 40 percent, Cambodia and Thailand by 36 percent, Serbia and Bangladesh by 35 percent, South Africa, Bosnia, Herzegovina by 30 percent, Kazakhstan, Malaysia and Tunisia by 25 percent.

The situation of talks with India is still unclear, but the progress appears to depend on the country’s highly protected agricultural sector. It faces a 26 percent tariff.

Almost each country has faced at least 10 percent of the goods tax that has been entering the United States since April, at the top of other sectoral fees.

Even after Trump retreated from the most severe tariffs threatened with it, the attack of uncertainty and high costs for both manufacturers and consumers raised the risks of the regional and global economy. Economists reduced their growth estimates in 2025 and beyond.

The Asian Development Bank said on Wednesday that it reduced its appreciation for economies in the development of Asia Pacific to 4.7 percent in 2025 and 4.6 percent in 2026, a decrease of 0.2 percent and 0.1 percentage points.

She said that expectations for the region can be weakened by escalating tariffs and commercial friction. “Other risks include conflicts and geopolitical tensions that can disrupt global supply chains and increase energy prices,” as well as a deterioration in the Chinese real estate market.

Amro economists were less optimistic, as they expected growth to Southeast Asia and other major economies in Asia by 3.8 percent in 2025 and 3.6 percent next year.

Amro, Dong He, said, while countries in the region have moved to protect their economies from Trump’s commercial shock, as they face great uncertainty.

He said: “The unequal progress in customs tariff negotiations and the potential expansion of definitions on additional products may lead to an increase in the disruption of trade activities and affects growth in the region.”

And copied 2025 Canadian press