Recently, the tariff letter issued by U.S. President Trump has attracted widespread follow, which may indicate that trade negotiations are heading towards a more intense direction. According to economic analysts, if the latest tariff measures proposed by the U.S. government are implemented, the average tariff level in Asia could rise to 27%.

However, the situation is not entirely pessimistic. Trump has revealed that a trade agreement between the United States and India is imminent. This news suggests that most major Asian economies are likely to reach agreements with the United States before the August 1 deadline.

Nevertheless, the situation in Japan and South Korea may be more complex. These two countries may find it difficult to reach a consensus through negotiations on tariff issues in key areas such as automobiles, agricultural products, and steel in the short term. The main challenges facing Japan are the automotive tariffs and market access for agricultural products, while South Korea will need to engage in tough negotiations regarding tariff reductions for automobiles and steel products.

This series of trade trends reflects subtle changes in the global economic landscape, as countries weigh the pros and cons and try to strike a balance between protecting their national interests and maintaining the international trade order. Developments in the coming weeks will have a profound impact on the global trade pattern and are worth close attention.