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Trump Administration Extends Tariff Deadline to August 1, Adjusts Rates for Japan and South Korea

The Trump administration has announced an extension of the tariff implementation deadline to August 1, providing additional preparation time for affected industries and international stakeholders. The decision delays previously scheduled trade measures amid ongoing global economic assessments.

Simultaneously, the administration revised tariff rates for key U.S. allies Japan and South Korea. The adjustments indicate calibrated modifications to trade terms specific to these strategic partners, reflecting evolving diplomatic and economic considerations between the nations.

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