US tariffs set to hit on Aug 1 spark intense negotiations with Japan, South Korea, and EU.

Japan and South Korea are negotiating with the US to soften the impact of the 25% tariffs set to be imposed starting August 1. Japan seeks concessions for its automobile industry, while South Korea plans to intensify trade talks to reach a beneficial outcome. The European Union is also negotiating with the US, aiming to strike a deal before the deadline. Trump's tariffs are causing uncertainty, making long-term planning difficult for businesses and nations.