Trump extends tariff deadline, increasing economic pressure on Asian exporting countries.

[Coin World] On July 8, as U.S. President Trump postponed the deadline for tariffs to August 1 and adjusted the tariff rates imposed on countries like Japan and South Korea, many export-dependent economies in Asia gained more negotiation time but received little relief. This delay keeps multiple countries in the spotlight of U.S. government tariff strikes, and complicating negotiations further is the possibility that the U.S. may impose sector-specific tariffs on critical industry products such as automobiles, chips, and pharmaceuticals, which are the economic pillars of several Asian countries. The CEO and CIO of a capital firm stated: "If these tariffs persist, they are likely to have a significant adverse impact on Japanese companies exporting to the U.S., particularly automobile manufacturers. Such negative effects are very likely to propagate up the Supply Chain to Japanese suppliers that, while not exporting to the U.S. themselves, provide goods to these companies."