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.
356 Articles
356 Articles
Apparently impatient Trump slaps 25% tariffs on Japan and South Korea.
US President Donald Trump, apparently impatient with the slow progress of negotiations, on Monday slapped 25 per cent unilateral tariffs on Japan and South Korea and equal or higher import taxes on several other nations ahead of a self-imposed Wednesday deadline. Analysts said the move shows that the mercurial American leader is using threats to jump-start negotiations. Trump sent two-page letters to Japanese Prime Minister Shigeru Ishiba and So…
Warning of Rising US Tariffs Threatens Global Camera Market - Real News Now
The temporary ten percent trade tariff put in place by the US is nearing its expiration, with implications that could affect global relations, particularly with Japan. The US President has issueed a warning, hinting at a potential rise in tariff rates from the coming August. A large portion of the global camera market is based in Japan, making this development a potential catalyst in the hike of camera and lens prices in the US. On the 7th of Ju…
Coverage Details
Bias Distribution
- 48% of the sources are Center
To view factuality data please Upgrade to Premium