Institutions: The "moratorium" on tariffs has limited relief, with many countries caught in the Trump tariff crisis.

On July 8, as U.S. President Trump moved the deadline for tariffs to August 1 and adjusted the tariff rates set for countries like Japan and South Korea, several Asian export-dependent economies gained more negotiation time but received little relief. This delay keeps many countries in the crosshairs of U.S. government tariff strikes, and complicating the negotiations further is the possibility of the U.S. imposing sector-specific tariffs on key industry products such as automobiles, chips, and pharmaceuticals, which are economic pillars for several Asian countries. James Halse, CEO and CIO of Senjin Capital, stated: "If these tariffs persist, they are likely to have a significant adverse impact on Japanese companies exporting to the U.S., especially automobile manufacturers. Such negative effects will likely transmit upstream along the Supply Chain, affecting Japanese suppliers that do not export to the U.S. but supply these companies." (Jin10)