Singapore’s Deputy Prime Minister Gan Kim Yong warned that US tariffs may outlast President Donald Trump, urging businesses to adapt to a more protectionist global trade landscape. “We cannot bank on the possibility that the tariffs will go away after four years with a different US administration,

Japanese carmakers have largely absorbed the cost of US President Donald Trump’s tariffs on auto imports, a move that may undermine the Asian nation’s negotiating power ahead of a July 9 deadline that will see duties rocket even higher.

Donald Trump has threatened to increase levies on Japan and cast doubt that the US will 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.

Early on, Trump had expressed optimism about the potential for a quick trade deal with Japan, as he sought to renegotiate terms with dozens of countries during his reciprocal tariff pause. So far, with the deadline approaching,