25%关税！特朗普，深夜宣布！

Core Viewpoint - The article discusses President Trump's announcement of a 25% tariff on all products from Japan and South Korea starting August 1, 2025, citing trade imbalances as a significant threat to the U.S. economy and national security [2][6]. Group 1: Tariff Announcement - President Trump announced a 25% tariff on all Japanese and South Korean products effective August 1, 2025, as part of efforts to address trade imbalances [2][6]. - The tariff will be independent of existing industry-specific tariffs, and attempts to circumvent the tariff through third countries will incur higher tariffs [6][7]. - Companies that choose to manufacture or produce products within the U.S. will be exempt from this tariff [7]. Group 2: Market Reactions - Following the tariff announcement, both the Japanese yen and South Korean won fell against the U.S. dollar, and U.S. stock indices experienced significant declines, with the Dow, Nasdaq, and S&P 500 dropping over 1% at one point [3][14]. - Major automotive stocks, such as Toyota and Nissan, saw substantial declines, with Toyota ADR down over 4% and Nissan ADR down over 7% [3][14]. Group 3: Trade Negotiations - The European Union is actively seeking a bilateral trade agreement with the U.S. before the July 9 deadline, with ongoing negotiations [4][11]. - EU officials have indicated readiness to respond to various outcomes of the negotiations, including potential countermeasures, but are currently prioritizing negotiations [11][18]. - The EU's position is that if the agreement terms are unfavorable, they will not proceed with an agreement [18]. Group 4: Broader Economic Implications - Analysts suggest that the announcement may hinder Trump's previous commitment to achieve 90 trade agreements within 90 days, indicating a setback in trade negotiations [8]. - Historical context shows that trade negotiations typically take a long time, with past U.S. free trade agreements averaging three years to finalize [14]. Group 5: Stock Market Trends - U.S. tech stocks generally fell, with notable declines in companies like Tesla (over 7% drop) and TSMC ADR (over 2% drop), while cryptocurrency stocks saw significant gains [15]. - Conversely, Chinese assets performed well, with the Nasdaq Golden Dragon China Index rising over 1% at one point, indicating a divergence in market reactions [15]. Group 6: European Market Response - European stock markets mostly rose, with the German DAX 30 index up 1.04%, reflecting a more positive sentiment compared to U.S. markets [16]. - The Portuguese Finance Minister expressed optimism about a potential agreement between the EU and the U.S., suggesting that tariff rates could be kept below 10% to facilitate trade [17].