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

Quick Summary:

Vietnam cut import duties on Monday while other governments like Japan and Australia have tried negotiating with Washington.

Last week, South Korean automaker Hyundai promised to invest $21 billion in American manufacturing, including a $5.8 billion steel plant in the state of Louisiana.

Asian companies have also promised to invest in the U.S.in a likely bid to avoid new tariffs and show support for Trump’s wish to restore domestic manufacturing.

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Article Details

Author / Journalist: Lionel Lim

Category: EconomyBusiness

Markets: United StatesAustraliaJapanSouth KoreaVietnam

Topics: Editor's Picks India Tariffs and trade Asia Donald Trump China Featured

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-02 @ 00:30:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 737 words

Reading Time: 5 minutes read

Sentences: 4 lines

Sentence Length: 185 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27526721

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Official Website: fortune.com

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