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Trump's Tariffs Sting Asian Giants, Including US Allies

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International Business Times Fews App News Provider
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US President Trump on Wednesday announced across-the-board "reciprocal" levies of 10 percent on imports from around the world, with extra pain for key trading partners AFP Asia's manufacturing powerhouses were desperately seeking talks with Washington on Thursday after Donald Trump announced 10 percent "reciprocal" tariffs, and even more for some longtime US allies. These include Japan, whose firms are the biggest investors into the United States but which was saddled with a 24 percent levy on its imports into the world's biggest economy. Prime Minister Shigeru Ishiba promised Trump in February a trillion dollars in investments, while the US president said Japan would partner in a "gigantic natural gas pipeline in Alaska".

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