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Trump announces 25% tariff on imports from Japan and South Korea from Aug 1; warns against retaliation
Trump has also signalled a possible reduction in the newly announced 25% tariffs on Japanese and South Korean goods, provided both nations agree to revise their current trade policies. Meanwhile, the White House added that similar trade letters would be sent to 12 more nations.
Trump tariffs live updates: Trump tells Japan, South Korea he's imposing 25% tariffs, beginning letter barrage
President Trump on Monday said he was imposing 25% tariffs on imports from both South Korea and Japan, beginning the process of sending letters to countries informing them of the duties that will be applied to their imports.
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