Trump’s tariff pause expires next week. Here’s how well Asian governments have been doing in negotiations with Washington

On Tuesday, Trump told reporters that he was not interested in extending the deadline to allow more time to negotiate, and will soon send messages announcing tariff rates “to many countries”.

However, administration officials publicly hoped that they could reveal more deals in the coming days, with Trade Minister Howard Lottennik, who suggested last week that 10 deals are ready to go. (The countries that were ready to sign a commercial deal have not been specified. “Kevin Haysit, director of the National Economic Council, said recently that trading deals may be announced after the July 4 holiday.

On April 2, Trump slapped a very slope tariff on the rest of the world, then stopped them after a week to allow time for negotiations. American trade partners have spent the past three months in the hectic negotiations in an attempt to reduce these definitions – but so far, they have little to show them.

So far, the administration has agreed to a trade agreement with the United Kingdom and a “trade agreement” with China (which restores customs tariffs only to the levels of “Liberation Day”)

Only one week has passed until the customs tariff returns, here are the things that things stand in Asian trade negotiations with Washington.

Japan

The talks between the United States and Japan struck a barrier: Trump imposed a 25 % declining tariff on cars. The auto industry in Japan is the fourth largest in the world, contributing to about 3 % of the country’s gross domestic product and employment of each of eight people. The United States is the largest car export market in Japan, as it buys a third of its total production.

The chief negotiator in Japan, Riozi Akazawa, told reporters last Thursday that the automatic definitions “are not something we can accept.” With no decision on a car tariff, Akazawa said the negotiations “remained in fog.”

Japan also faces a 24 % tariff on all its exports, as well as a 50 % tax on steel and aluminum.

However, it seems that Trump is especially annoyed by Japan and its long -standing trade surplus with the United States on Sunday, Trump complained that one -sided car trade was not “fair”, indicating that Japan buys more American oil to fill the gap in the deficit. He repeated his complaints on Tuesday, describing Japan as “difficult” and “spoiled” for reporters.

South Korea

South Korea hopes to be exempt from all American definitions, including 25 % mutual tariffs on its exports, as well as a 25 % tariff on cars and a 50 % tariff on steel and aluminum.

The main trade negotiator of Korea, Yu Han Co, met with Lottenic and American Trade Representative Jameson Jarir to start negotiations last Monday. All parties confirmed their commitment to reach an agreement soon, and the US ambassador to South Korea, Joseph Yun, said last week that the new free trade agreement (FTA) between South Korea and the United States may be in business.

Trade is the first major challenge facing the newly elected South Korean president, Lee Jay Meong, who took office earlier this month after early elections. In his opening speech, he described me “protectionist ascension” as “a threat to our survival.”

Korean negotiators do not seem optimistic that they will get the deadline on July 9, with a senior Korean official on Monday that Seoul would try to search for an extension.

India

The United States and India have expressed its initial optimism that it would be able to reach an agreement on trade, as India was one of the first countries to start negotiations with the United States in April. However, so far, no agreement has been announced. India is currently facing a 26 % “mutual” tariff on its exports to the United States

According to Indian officials, Indian officials are reluctant to reduce their definitions on agricultural products, which allows us to products in the market. Agriculture is the largest recruitment sector in India, where nearly half of the population works in agriculture.

India also hopes to take advantage of the supply chains that move outside China. Companies such as Apple and Foxconn are investing in Indian factories, to diversify their supply chains and may avoid American definitions on Chinese goods. However, Trump criticized Apple’s attempts to make iPhone devices in India, and instead demands smartphones in the United States

However, the US president said he was still optimistic that the deal is coming. On Tuesday, it suggested that the United States be “able to enter and compete” in India. He said that if New Delhi opens its market, “We will face a deal for customs tariffs much less.”

Southeast Asia

Southeast Asian countries have obtained a number of more severe definitions on April 2, as some reach 49 %. Many countries in the region depend on US exports to grow, which caused a rush by leaders to make concessions, and promised to increase their imports of American commodities to try to get a deal with Washington.

Vietnam Prime Minister Fam Minh Cennah said last week that he was confident that a “positive” trade deal with the United States could be made before the deadline. (Vietnam is currently facing a 46 % tariff for her exports related to the United States.)

Indonesia and Malaysia – facing tariff rates of 32 % and 24 %, respectively – expressed its optimism that it could conclude negotiations before the end of the introduction period next week.

Thailand is less confident in setting its trade negotiations. Pichai Chunhavajira, the United States, arrived in the United States on Monday to start talks personally, and he said he hoped to extend these talks on July 9.