Trump Tariffs: Crucial Deadline Looms, Sparking Global Trade Uncertainty

Key Points

1. Trump stated he would not extend the July 9 deadline for trade talks with Japan, potentially increasing tariffs to 30–35% from the current 24%.

2. The U.S. has long sought to address its trade deficit with Japan, aiming for a more balanced trade relationship.

3. Failure to secure a favorable agreement with Japan could exacerbate global trade tensions and economic uncertainty.

4. Trump's 'America First' policy prioritizes national interests, potentially leading to a more fragmented global economy.

5. The trade war impact could affect market stability, including digital assets, and create challenges for long-term business planning.