Today, the Trump administration’s reciprocal tariffs take effect on dozens of nations. His tactics reflect a distrust of central tenets that have guided U.S. trade policy for the past four decades. The President has identified persistently high U.S. trade deficits as a problem. Many economists say the solution involves solutions that tariffs won’t fix. #tariffs #trade#Trump

https://www.csmonitor.com/Business/2025/0807/tariff-trade-india-deadline-trump?utm_source=flipboard&utm_medium=activitypub

Posted into The American Story @the-american-story-csmonitor

Toyota Motor has lowered its annual guidance as it warned of a ¥1.4 trillion hit to operating income from U.S. tariffs that have rattled the global automotive industry. https://www.japantimes.co.jp/business/2025/08/07/companies/toyota-cuts-outlook/?utm_medium=Social&utm_source=mastodon #business #companies #toyota #carmakers #cars #tariffs #donaldtrump #honda

Today, the Trump administration’s reciprocal tariffs take effect on dozens of nations. His tactics reflect a distrust of central tenets that have guided U.S. trade policy for the past four decades. The President has identified persistently high U.S. trade deficits as a problem. Many economists say the solution involves solutions that tariffs won’t fix. #tariffs #trade#Trump

https://www.csmonitor.com/Business/2025/0807/tariff-trade-india-deadline-trump?utm_source=flipboard&utm_medium=activitypub

Posted into The American Story @the-american-story-csmonitor

Sony Group has raised its earnings forecast following a strong showing from its entertainment divisions that outweighed the threat of new U.S. tariffs on chips. https://www.japantimes.co.jp/business/2025/08/07/companies/sony-outlook-entertainment-demand/?utm_medium=Social&utm_source=mastodon #business #companies #sony #tech #playstation #music #japanesefilm #tariffs #donaldtrump

The United States imposes a 15% 'reciprocal' tariff on most Japanese goods as the two sides disagree about the method of its calculation. https://www.japantimes.co.jp/business/2025/08/07/economy/reciprocal-tariff-effective/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #tariffs #shigeruishiba #donaldtrump #trade #carmakers #us #japaneseeconomy #usjapanrelations #scottbessent

South Korea's top trade envoy has said that Samsung Electronics and SK Hynix won't be subject to 100% U.S. tariffs on chips, with the country benefiting from favorable rates on chips under its deal with Washington. https://www.japantimes.co.jp/business/2025/08/07/tech/south-korea-samsung-sk-hynix-tariffs/?utm_medium=Social&utm_source=mastodon #business #tech #southkorea #samsung #skhynix #us #donaldtrump #trade #tariffs #republicans #semiconductors

Brazilian President Luiz Inacio Lula da Silva sees no point for direct talks with U.S. President Donald Trump on tariffs, which he said would likely be a "humiliation," even as goods from his country incur high rates. https://www.japantimes.co.jp/news/2025/08/07/world/politics/brazil-president-tariff-trump/?utm_medium=Social&utm_source=mastodon #worldnews #politics #brazil #luizinacioluladasilva #us #donaldtrump #trade #tariffs

U.S. President Donald Trump says he will impose a 100% tariff on semiconductor imports, though companies moving production back to the United States will be exempted. https://www.japantimes.co.jp/business/2025/08/07/tech/trump-chips-tariff-apple/?utm_medium=Social&utm_source=mastodon #business #tech #timcook #semiconductors #apple #us #donaldtrump #trade #tariffs

U.S. President Donald Trump's tirade against India over trade and Russian oil purchases threatens to undo two decades of diplomatic progress, analysts and officials say. https://www.japantimes.co.jp/news/2025/08/07/world/politics/india-us-trade-oil-fallout/?utm_medium=Social&utm_source=mastodon #worldnews #politics #narendramodi #india #us #donaldtrump #trade #tariffs

The Trump administration could impose a 100% tariff on imports of semiconductor chips, with an exception for companies like Apple that have committed to manufacturing in the US. One way or another, expect electronics prices to go up though. https://www.bloomberg.com/news/articles/2025-08-06/trump-plans-100-tariff-on-chips-with-carveout-for-apple-others #chips #tariffs#Semiconductors

U.S. President Donald Trump’s aggressive economic policies during his second term — including sweeping tariffs — risk triggering long-term damage to U.S. competitiveness, trust in the dollar. https://www.japantimes.co.jp/commentary/2025/08/06/world/economic-cost-of-trumps-agenda/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #donaldtrump #useconomy #tariffs #trade #usdollar

Honda raised its annual profit forecast even as its quarterly figure took a hit from U.S. President Donald Trump’s tariffs on cars and car parts imported to the United States. https://www.japantimes.co.jp/business/2025/08/06/companies/honda-raises-profit-forecast/?utm_medium=Social&utm_source=mastodon #business #companies #honda #carmakers #us #tariffs #trade

The Bank of Japan must be cautious about raising interest rates given the expected hit from U.S. tariffs on the fragile economy, ruling party heavyweight Ken Saito said. https://www.japantimes.co.jp/business/2025/08/06/economy/ldp-heavyweight-ken-saito-warns-against-rate-hike/?utm_medium=Social&utm_source=mastodon #business #economy #japaneseeconomy #inflation #boj #tariffs #us

U.S. President Donald Trump said the $550 billion of investment pledged by Japan is 'our money' and that he is free to deploy it as he wishes. https://www.japantimes.co.jp/business/2025/08/06/economy/trump-money-is-ours/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #tariffs #shigeruishiba #donaldtrump #trade #carmakers #us #japaneseeconomy #usjapanrelations #scottbessent

Mazda swung to a consolidated net loss of ¥42.1 billion in the April-June period due to steep U.S. tariffs and a stronger yen. https://www.japantimes.co.jp/business/2025/08/06/companies/mazda-net-loss/?utm_medium=Social&utm_source=mastodon #business #companies #mazda #carmakers #tariffs #donaldtrump #us #yen

Indian officials have struggled to engage in diplomatic talks with U.S. President Donald Trump’s administration because key foreign policy roles in Washington remain unfilled. https://www.japantimes.co.jp/news/2025/08/06/world/politics/trump-staffing-india-us/?utm_medium=Social&utm_source=mastodon #worldnews #politics #us #donaldtrump #trade #tariffs #republicans #india

Sweeping tariffs imposed by U.S. President Donald Trump are leaving their mark on the U.S. economy in trade and beyond, with businesses saying new import taxes are driving up costs and making planning more difficult. https://www.japantimes.co.jp/business/2025/08/06/economy/us-trade-gap-tariffs-service-sector/?utm_medium=Social&utm_source=mastodon #business #economy #us #donaldtrump #trade #tariffs #republicans #economicindicators

Akazawa returns to the U.S. for more talks as the tariff deal looks shaky due in part to differences in the interpretation of the agreement. https://www.japantimes.co.jp/business/2025/08/05/economy/akazawa-ninth-round/?utm_medium=Social&utm_source=mastodon #business #economy #ryoseiakazawa #tariffs #shigeruishiba #donaldtrump #trade #carmakers #us #japaneseeconomy #usjapanrelations #scottbessent

Trump’s tariff-heavy trade revolution has defied early economic doomsday predictions but triggered global realignments and raised questions about the long-term cost to American power and prosperity. https://www.japantimes.co.jp/commentary/2025/08/05/world/doomsayers-wrong-on-trump-tariffs/?utm_medium=Social&utm_source=mastodon #commentary #worldnews #donaldtrump #us #useconomy #tariffs #trade #globaleconomy

"Today Trump is fully unbridled. Yet, for the first time, finds himself unable to convince majorities that he’s got a magic economic touch. As the situation deteriorates, he’ll have to either reverse course—changing pretty much everything about the way he’s governing—or else go to even greater lengths to control information and manipulate the public."

#Trump #inflation #groceries #economy #tariffs#TaxCuts#EconomicElites#Medicare#Medicaid#BigBeautifulBill
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