Trump sets 25% tariffs on Japan and South Korea, and new import taxes on 12 other nations
WASHINGTON (AP) — 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. Trump provided notice by posting letters on Truth Social that were addressed to the leaders of the various countries. The letters warned them to not retaliate by increasing their own import taxes, or else the Trump administration would further increase tariffs. “If for any reason you decide a...
Read MoreTue, 08 Jul 2025
- Trump sets 25% tariffs on Japan and South Korea, and new import taxes on 12 other nations
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