According to Deep Tide TechFlow, on July 8, as reported by Jinshi Data, with U.S. President Trump changing the tariff deadline to August 1 and adjusting the tariff rates set for countries like Japan and South Korea, many export-reliant Asian economies have gained more negotiation time but have seen little alleviation. This extension 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 key industry products such as automobiles, chips, and pharmaceuticals, which are the economic pillars of several Asian countries.
Senjin Capital CEO and CIO James Halse stated, "If these tariffs persist, they are likely to have a significant adverse impact on Japanese companies exporting to the United States, especially automobile manufacturers. Such negative effects are likely to propagate upstream along the supply chain, affecting Japanese suppliers that, while not exporting to the United States themselves, supply these companies."