Donald Trump has threatened to increase levies on Japan and cast doubt that the US would reach a deal with its Asian ally, as he escalated his trade rhetoric days before his pause on some steep tariffs is set to expire.
Speaking to reporters on Tuesday, the US president said he would impose new levies on countries that failed to agree a trade deal by July 9, when the “reciprocal” tariffs unleashed in April are set to resume.
He also singled out Tokyo, a crucial trading partner that had been among the first countries to seek a deal with Trump after he shocked global markets in April by launching a global trade war on “liberation day”.
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