Asia tries to prepare for Trump’s ‘Liberation Day’ wave of new tariffs: ‘We’re working on this matter nonstop, even on weekends’

HotspentLiberation Day,“According to US President Donald Trump, he comes. The White House will officially introduce new tariffs on both a friend and Foe on April 2 At 4:00 east time In the garden of roses, as the President is trying revenge Against what he sees as abuse by US trading partners.

Many of these commercial partners are in Asia, where governments are already trying to prepare for what can come.

Monday to Vietnam that enjoys a great trade surplus with us would be cut Import duties on a number of products, including cars, food and liquefied natural gas.

Vietnam has benefited from companies that drink their supply networks from China. Southeast Asia now has the surplus of the third largest US trade in the list of countries at risk of sharp victory tariffs, and Hanoi can warn concessions to start a business war.

India also offers to reduce import taxes for agricultural products like almonds and cranberries, Reuters Gives: Last week. It is reported that the country of South Asia, who had a surplus of $ 47.5 billion with the United States last year, takes into account some tariffs for imported goods.

Trump stemmed about India tariffs on US products that are higher than US forcing Indian goods. US President blew Indian defense “cruel“Even when he accumulates praise in Prime Minister Naryidra Modium.

“All Countries”

Since the entry of the office, the victory has additional 20% tariffs on Chinese products, steel and aluminum import tariffs and 25% car import tariffs.

There are no clear details on the expected tariffs on April 2, such as the level of responsibilities, which countries will affect. On Sunday, Trump suggested that tariffs would hit “all countries” as a starting point, promising new products that trade can be more narrow.

Awaiting and visible approach to tariffs on tariffs are approached and visible approaches before Wednesday.

US allies, such as Japan, South Korea and Australia, have tried to negotiate with Washington on trade, at the moment, in fact, with little success.

In mid-March, Australian Prime Minister Anthony Albanashi after failing to liberate from new steel tariffs displeasing That step is “opposed to the” two of our peoples “of” lasting friendship “. Tuesday her administration repeated that they do not make us concessions to make a transaction.

Japan and South Korea both promise to offer support to their industries in the case of new US tariffs. “We are working on this issue, even on weekends,” says Japanese Prime Minister Tagagru and said Tuesday. (New US car tariffs are a threat to Japan and its automation.)

Then there is China, which is already subject to many new tariffs, Trump administration. Beijing responded to new import responsibilities, starting with the bounds of the operation and expanding its “unreliable entities”. Chinese officials have said they are ready to fight against the “Commercial War, Tariff War or any other kind of war”.

Minister of Commerce of Japan, South Korea and China on Sunday spend their first economic dialogue in five years.

Companies are also made

In addition to steel, aluminum and car tariffs, Trump promised new treasures for semiconductor and pharmaceutical imports.

Asian companies have also promised to invest in the United States to avoid new tariffs and show the support of the show to restore internal production.

In January, the Japanese Carmaker Honda promised to invest its contribution to three dollars for three dollars for $ 300 million to expand their ability to build internal combustion vehicles.

Martin Taiwan Semiconductor Production Company (TSMC), the world’s leading chipmaker, proclaim $ 100 Billion in Arizona to expand its actions in the next four years. (The Taiwanese government is also It is reported Considering buying more goods to reduce excess trade excess).

Southern Korean carmaking Hyundai last week promised Invest $ 21 billion in American production, including $ 5.8 billion in a steel plant in Louisiana.

The biggest promise comes from Japan’s Softbank. At the beginning of this year, Softbank promised $ 500 billion in US-based AI infrastructure in cooperation with OPENAI and Oracle.

This story was originally shown Fortune.com