US EditionTrump announces 25% tariffs on Japan, South Korea in first U.S. trade letters
UNITED STATES, JUL 7 – The tariffs target persistent trade deficits and may increase if Japan or South Korea retaliate, with exemptions for companies manufacturing within the U.S., officials said.
- On July 8, 2025, US President Donald Trump sent letters to 14 countries including Japan and South Korea announcing tariffs to take effect on August 1.
- These tariffs follow a 90-day pause which started in April to allow negotiations, with the deadline extended to August 1 to encourage trade talks and prevent new import levies.
- The tariffs, framed as reciprocal charges to address trade imbalances, threaten to add to the existing 25% levy on imports from Japan and South Korea if those countries raise their tariffs.
- Tariff rates range from 25% on imports from Japan and South Korea up to 40% on Laos and Myanmar, while countries like Indonesia and Bangladesh have upcoming trade talks to negotiate terms.
- The new tariffs heightened global trade tensions, causing the S&P 500 to fall 0.8%, prompting intensified negotiations with uncertain outcomes by August 1.
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The Mexican peso accumulates losses against the dollar while investors are waiting for Donald Trump to announce a new round of ‘reciprocal allowances’. The president started this week with the revelation of tariffs to 12 countries, including Japan and South Korea, strategic allies of the US in Asia, who will pay a 25 percent tariff from next August 1. “THE TARIFFS WILL START PAY ON AUGUST 1 of 2025. No changes have occurred to date, nor will the…
Donald Trump has a screw loose
Donate to Democratic candidate Adam Frisch. Donate to Palmer Report. Hi it's Bill Palmer. Support my renewed effort to stop Donald Trump. Donate $5 now.It seems someone has gone bananas once again, and this person is Donald John Trump. Trump announced 25% tariffs on Japan and South Korea, proving once again that anyone who thought the tariff insanity was over didn’t know Donald Trump. In his Press office (also known as Truth Social), Trump shar…
Trump revives trade war, threatening steep Aug. 1 tariffs on allies - Hawaii Tribune-Herald
WASHINGTON — President Donald Trump revived his trade war threat with more than a dozen countries on Monday, telling them that they would face steep tariffs on their exports as of Aug. 1 unless they agreed to trade deals by then. The president targeted two of America’s closest foreign allies, Japan and South Korea, as well as Malaysia, Indonesia and South Africa.
Trump imposes 25% tariffs on Japan, South Korea, and other countries
US President Donald Trump announced new tariffs of at least 25% on most goods imported from 14 nations, including Japan and South Korea, effective August 1. These tariffs are part of his “Make America Wealthy Again” initiative, aimed at reducing trade deficits and boosting domestic manufacturing.
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