The 'Trumpcession' is starting to hurt allies more than China

Japan and South Korea's economies shrank in Q1, even before tariffs kicked in

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2025-05-17 trump

U.S. President Donald Trump has long talked up what he sees as the wonders of tariffs -- not just in winning negotiations and raising revenue, but also in leveling playing fields.  © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

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