Institutions: Tariff grace period extension offers limited relief; multiple countries caught in Trump's tariff crisis

On July 8, according to Jinshi Data, although several export-dependent economies in Asia have gained more negotiation time as U.S. President Trump changed his tariff deadline to August 1 and adjusted the tariff rates set for countries such as Japan and South Korea, they have received little relief. This extension keeps many countries in the spotlight of the U.S. government's tariff strikes. What makes the negotiations even more complicated is that the U.S. may impose industry-specific tariffs on key industries such as automobiles, chips, and pharmaceuticals, which are the economic pillars of many Asian countries. James Halse, CEO and CIO of Senjin Capital, said, "If these tariffs persist, they are likely to have a significant adverse impact on Japanese companies exporting to the United States, especially automakers. Such negative effects are likely to move up the supply chain, affecting Japanese suppliers who do not export to the United States themselves but supply these companies." [Deep Tide TechFlow]