July 8, 2019

Tensions between Tokyo and Seoul intensified on Friday when Japan’s prime minister imposed new restrictions on exports that could hit South Korea’s tech industry. In response, some Koreans called for a boycott on Japanese goods.

As the United States and China, the world’s two largest economies, continue hashing out their wide-ranging tariff battle, two of Asia’s major economic players appear to be nearing their own trade war over political disputes.

“The two governments will engage in a tit-for-tat exchange of retaliatory measures for at least the several months that further sours bilateral relations,” Scott Seaman, director for Asia at political consultancy Eurasia Group, said in a Sunday note.

Read more:

https://www.cnbc.com/2019/07/08/japan-south-korea-tensions-appear-set-to-drag-down-trade.html