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.
- President Donald Trump announced 25% tariffs on goods from Japan and South Korea, effective August 1, through letters sent to their leaders.
- The tariffs follow earlier announcements and a 90-day delay after April's global tariff impositions aimed at addressing trade imbalances with key partners.
- Trump warned that any tariff increases by Japan or South Korea would be added to the 25% rate and indicated potential for further negotiations.
- The Dow Jones fell over 400 points on the news, while South Korea vowed to accelerate trade talks to avoid tariffs, reflecting market and diplomatic reactions.
- These measures escalate trade tensions, raising concerns about slower economic growth and recession risks in the U.S. and globally amid ongoing negotiations.
720 Articles
720 Articles
Advisors Calm Clients After Trump’s Latest Tariff Announcements
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America First Report
Uncanceled NewsTrump Sets 25% Tariffs on Japan and South Korea, and New Import Taxes on 12 Other Nations
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The Morning Sun
In expanding trade war, Trump digs U.S. into a geopolitical hole
By Ishaan TharoorThe Washington Post On Monday, the White House launched new salvos in its widening trade wars. President Donald Trump threatened to impose tariffs of between 25 percent and 40 percent on imports from 14 countries, including Japan, South Korea, Thailand and Bangladesh, unless they address his concerns over perceived bilateral trade imbalances. The renewed tariff threats went down like a lead balloon in capitals across the world, …
US Tariffs More Political Theater Than Trade Policy
Editor’s Note: The US on Monday set new August 1 deadline and warned Japan and South Korea of 25 percent tariff, 30 percent for South Africa and others as high as 40 percent. Over the past months, in response to US tariff threats, some countries have capitulated, others have remained steadfast, and many have adopted a wait-and-see strategy. What factors have influenced these differing responses? And what lessons can the world take away from the …
Investors beware: Japan, the long-presumed safe haven, is hit
The reimposition of steep US tariffs on Japanese goods should not have come as a surprise. Yet, the global investment community has largely responded with indifference. That’s a mistake because the significance of Japan’s inclusion in the new wave of “reciprocal tariffs” from the Trump administration goes far beyond headline rates or temporary trade friction. […] The post Investors beware: Japan, the long-presumed safe haven, is hit appeared fi…
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