"Trump's Tariffs Pose a $621 Billion Trade Risk"

The Impact of Trump Administration's Tariffs on Customs and Asian Countries

Under the administration of President Donald Trump, tariffs imposed on the grounds of national security pose a significant risk in trade with Asian countries. According to an analysis from a Japan-based source, if the United States fully implements the existing tariffs under Section 232 of the "Trade Expansion Act" enacted in 1962, it is noted that $621 billion of imports from Asian countries are at risk.

The Vulnerable Status of China and Other Countries

The analysis emphasizes that China is the country that will be most affected by this tariff policy. The total value of products imported from China to the US is stated to be $142 billion, and it is indicated that these products may be subject to tariffs. Additionally, approximately $107 billion worth of products from Japan have also come under scrutiny within the framework of national security.

Furthermore, South Korea, with $102 billion in imports, is the third most vulnerable country in this context. This situation has the potential to reshape trade balances in the Asia-Pacific region.

Trump's Customs Policies and Investigations

The analysis claims that 40% of the 43 customs investigations conducted under the Trump administration were initiated by Trump's initiative. Trump is the first president to apply this law, and he has frequently utilized these powers to actively impose tariffs on certain products. These investigations can enable the imposition of tariffs on specific products if "national security reasons" are identified.

Last year, the Trump administration launched 14 new investigations under this law, particularly targeting critical minerals, pharmaceuticals, and the automotive sector. This situation has the potential to affect global trade dynamics and create uncertainty in trade relations.