Japan, Malaysia, Taiwan Continue Trade Talks Amid US 25% Tariffs

The United States, under President Donald Trump, has announced a 25% tariff on certain goods from countries including Japan, Malaysia, and Taiwan, effective August 1, escalating ongoing trade tensions. Japan's Economic Revitalization Minister Akazawa Ryosei and Prime Minister Shigeru Ishiba emphasized continued, vigorous negotiations with the US, aiming to reach agreements that benefit both nations despite concerns over the tariff hike. Malaysia, facing an increase from an earlier 24% tariff to 25%, reaffirmed its commitment to engage with the US for a balanced and mutually beneficial trade agreement, highlighting the importance of US-Malaysia trade ties for economic growth. Taiwan's Minister of Economic Affairs J.W. Kuo confirmed ongoing trade talks with the US, noting the uncertainty around tariff rates and the potential impact on local industries, while the US administration has so far reached agreements mainly with the UK and Vietnam. Across these nations, officials stressed the necessity of detailed working-level negotiations to craft comprehensive trade packages, reflecting cautious optimism amid tough US tariff policies driven by President Trump's trade agenda.