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Trump announces 25% tariffs on Japan, South Korea in first U.S. trade letters

  • President Donald Trump announced that starting August 1, 2025, the United States will impose 25% tariffs on imports from Japan and South Korea.
  • The tariffs respond to persistent trade imbalances, with the U.S. running deficits of $69.4 billion with Japan and $66 billion with South Korea in 2024.
  • Trump warned the leaders of Japan and South Korea in letters that any additional tariffs they impose would be added on top of the existing 25% U.S. tariff rate.
  • Trump stated that if tariffs are increased for any reason, the amount of the increase will be applied on top of the existing 25% duty his administration imposes.
  • The tariffs aim to pressure Japan and South Korea to negotiate trade deals but may raise costs for American consumers and have already caused stock market declines.
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mladina.si broke the news in on Sunday, July 6, 2025.
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