Trump announces 25% tariffs on Japan, South Korea in first U.S. trade letters
UNITED STATES, JUL 7 – President Trump targets trade imbalances with 25% tariffs on Japan and South Korea, affecting $280 billion in imports and threatening higher rates if retaliation occurs.
- President Donald Trump announced a 25% tariff on products coming from Japan and South Korea, which is scheduled to take effect on August 1, 2025.
- These tariffs follow a 90-day negotiating period starting in April that delayed initial tariff implementations to allow trade talks.
- Trump sent letters to the leaders of Japan and South Korea, cautioning that tariff rates could be raised further if those countries choose to impose retaliatory tariffs.
- The U.S. ran a $69.4 billion trade deficit with Japan and a $66 billion deficit with South Korea in 2024 amid ongoing trade tensions.
- The tariffs have raised concerns about slowing economic growth and increased recession risks while prompting accelerated negotiations with affected partners.
722 Articles
722 Articles
Trump sets 25% tariffs on Japan and South Korea, and new import taxes on 12 other nations | The Asahi Shimbun Asia & Japan Watch
WASHINGTON--President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other nations that would go into effect on Aug. 1.
America First Report
Uncanceled NewsTrump Sets 25% Tariffs on Japan and South Korea, and New Import Taxes on 12 Other Nations
Editor’s Note: We clearly do not believe that the tariffs are going to cause a recession or that there will be massive pain from the tariffs President Donald Trump is planning on imposing on other nations. Nevertheless, it’s important to see and hear what legacy media is saying about it so we know what our “normie” friends are hearing. Here’s what WTVR CBS 6 says… President Donald Trump on Monday set a 25% tax on goods imported from Japan and So…
Advisors Calm Clients After Trump’s Latest Tariff Announcements
Financial planning can sometimes feel like a moving target, especially during a Donald Trump administration. Here comes that curveball … This week, the president unveiled plans to increase tariffs to at least 25% on key US trade partners including Japan, South Korea, and 12 others, while pushing the July 9 deadline for the resumption of so-called reciprocal tariff rates to Aug. 1. As a result, the markets took a small dip Monday, with the three …
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 …
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