https:\/\/www.politico.com\/news\/2025\/07\/07\/trump-threatens-japan-south-korea-new-tariffs-00441302<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"“Trump said the tariffs on Japan and South Korea would be separate from any \u201csectoral\u201d tariffs that he imposes. That appears to refer to the duties that he has already imposed on autos, auto parts, steel and aluminum under Section 232 of the 1962 Trade Expansion Act, which gives the president broad authority to restrict imports to protect national security.”<\/p>\n
…<\/p>\n
“Trump said he was imposing the duties to help reduce the \u201cvery persistent\u201d trade deficits with the two countries \u2014 meaning they export more goods to the U.S. than they buy from the U.S. \u2014 which the president blamed on Japan and South Korea\u2019s tariffs and other trade barriers.<\/p>\n
However, most economists disagree with that analysis, saying that macroeconomic factors like relative savings rates play more of a role in driving the overall U.S. trade deficit.”<\/p>\n
https:\/\/www.politico.com\/news\/2025\/07\/07\/trump-threatens-japan-south-korea-new-tariffs-00441302<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[729,278,221,1915,272,355,290,314,420,724,208,141,170,619],"class_list":["post-18523","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-asia","tag-deficit","tag-donald-trump","tag-east-asia","tag-foreign-affairs","tag-foreign-policy","tag-imports","tag-international-relations","tag-japan","tag-south-korea","tag-tariffs","tag-taxes","tag-trump","tag-united-states"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/18523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18523"}],"version-history":[{"count":2,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/18523\/revisions"}],"predecessor-version":[{"id":18525,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/18523\/revisions\/18525"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}