US Updates Trade Policies with Asian Economies

In July 2025, the United States introduced new trade policies with major Asian economies, focusing on tariff adjustments and bilateral agreements to reshape economic relations. These measures aim to adjust trade frameworks while navigating global market dynamics.

On July 31, 2025, the US and South Korea finalized a trade agreement setting a 15% tariff on South Korean imports. South Korea committed to investing $350 billion in US industries, including semiconductors and shipbuilding, and purchasing $100 billion in US energy products over 3.5 years. The deal removes South Korean tariffs on US autos and agricultural products, though steel, aluminum, and copper are excluded.

On July 30, 2025, a 25% tariff was applied to Indian imports, impacting $87 billion in annual trade. This addresses concerns over India’s trade restrictions, with negotiations for a broader agreement ongoing, targeting fall 2025.

US-China trade negotiations have not extended the 90-day tariff truce, set to expire on August 12, 2025. Current tariffs stand at 30% on Chinese imports to the US and 10% on US exports to China, with unresolved talks raising concerns about potential trade disruptions.