Trump tariffs are more economic problems for South Korea and Japan

In the first party of “Tariff Letters” sent to trade partners, US President Donald Trump targeted two of the United States allies in Asia: Japan and South Korea – both are the best in auto and steel exports.

Additional tariffs are likely to consider the economy of these two exports, which combat the slowing of growth, even more than a quarter of Japan’s technical decline or economic narrowing.

Both Japan and South Korea In the quarter, I saw a gross domestic product agreement in the first quarter.

South Korea’s imported to the United States, 25% of the tariffs for the United States, the same as Trump promised in April, increased by 1% to 25% in Japan.

Export – including services – is almost made 22% of Japan’s GDP in 2023According to the latest information from the World Bank and In 2023, 44% of South Korea’s GDP.

Currently, 25% of the import of cars and car parts in the United States are 50% of the steel and aluminum in most countries.

The cars are the largest export of Japan to the United States and there is also the best export of South Korea. Was in South Korea The fourth largest steel exporter of the US In 2024, according to the International Trade Department under the US Trade Department.

Japanese Prime Minister Shigeru Phara reported The country is actively looking for a chance to benefit both countries while protecting the national interest in Japan. ” In May, Said the workba The country will not accept an agreement that does not see the removal of automatic tariffs.

The newly declared tariffs will lower the leadership of Japan to 0.1 percent by 0.1 percent by 0.1 percent point by 0.1 percent by 0.1 percent by 0.1 percent by 0.1 percent to the point of 0.1 percent by 0.1 percent by 0.1 percent.

“Given that the economy is already suffering from high tariffs, the uncertainty and effect of global trade policy should not be dismissed,” said CNBC

Yamaguchi said in the second half of Japan’s economy in the second half of 2025 and in the first half of 2026.

The United States is Japan’s largest export market 21.3 trillion yen ($ 145.76 billion) transportations To the country in 2024, South Korea has exported $ 127.8 billion worth of goods to the United States That year, the United States considers the second largest export market.

“Reflecting the position of a more intensively tariff policy” Korean bank in May 1.5% of February 1.5% reduces the growth estimates of GDP to 0.8% from 2025.

“Restoration of domestic demand is postponed and the export growth is expected to be even more slow due to the influence of US tariffs,” he said.

Frederic Neumann, the HSBC, CNBC, CNBC, told CNBC that Japan and South Korea will break these tariffs to “large headlines to grow.”

Both Japan and South Korea are already facing sluggish domestic demand.

Trump offering a silver lining, the Countries wanted to open the “Heretofore” markets to open the US markets, “maybe” maybe “maybe” maybe “maybe” maybe he agrees to regulate this letter “

Pressure tactics in South Korea and Japan, Mizuho securities are brought to Managing Director Vishnu Varathan.

“Frustration (sector tariffs) with more principled and unified approach to Japan, which is a source of frustration for our trade negotiators, speaks for himself.” added.

If Trump did not disclose anger against South Korea, Varathan said “It is impossible for Japanese-like articles to be similar to the letter calls,” he said.

Meanwhile, the markets appear to click on tariff threats – so far. HSBC’s Neumann, Trump’ın letters essentially, the last extension of the Tariff Tariff Tariff Tariffs.

“Material markets, focusing on the probability that threatened tariffs are still negotiating, get the latest news,” he said.