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Live Updates  >  Live Update Details

2025-07-31 14:25:13

[Trump's tariff deadline is approaching, with many details but the outlook remains unclear] With only one day left before the Friday deadline he set, Trump has thrown out a series of tariff agreements and demands to allies and opponents. He announced a 15% tariff on South Korean imports, the same rate as Japan; at the same time, he imposed punitive tariffs of up to 25% on Indian imports and criticized India for purchasing Russian energy and weapons. Rob Subbaraman, chief economist of Nomura Holdings, said that we have received a lot of details, which is in line with the old saying: you can only see the trees but not the forest. Overall, Trump has basically fulfilled his tariff threats. But at the moment, all this is more like noise. Alicia, chief economist for Asia Pacific at Natixis, said that these agreements forced at the last minute are by no means a good sign. This kind of pressure forces countries to rush to reach agreements to avoid higher tariffs, but it may ultimately bring greater costs to their economies.

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