Japanese stocks opened lower on Tuesday, with the Nikkei dropping 45.61 points to 39,542.07, as investors reacted cautiously to President Donald Trump's recent tariff announcements.
Trump initiated a wave of notifications, beginning with Japan and South Korea, stating a 25% levy on their goods will commence on Aug. 1.
He subsequently broadened these announcements to include over a dozen other trading partners like South Africa, Indonesia, Thailand, and Cambodia, indicating that while he was "for the most part" prepared to impose these duties, ongoing negotiations could still lead to tweaks in the rates or delays beyond the "not 100% firm" Aug. 1 deadline.
In response to the US notification, Japanese Prime Minister Shigeru Ishiba stated on Tuesday that Japan would continue negotiations with the United States to seek a bilateral trade deal that benefits both countries.
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