US President Donald Trump announced today, July 7, a 25% tariff on imports from Japan and South Korea, marking his first trade move toward partners as the negotiation deadline nears its end.
On the Truth Social platform, Trump published his speech to Japan’s Prime Minister Ishiba Shigeru and South Korea’s President Lee Jae Myung, including the new tariff rates and reasons.
The tariffs announced by Trump today are nearly identical to those revealed on April 2, when he charged 24% tariffs on Japan and 25% on South Korea.
The negotiation period Trump announced in April with trade partners is set to expire on July 9, but the US President stated that the reimposed tariffs will take effect on August 1.
US President Donald Trump announced today, July 7, a 25% tariff on imports from Japan and South Korea, marking his first trade move toward partners as the negotiation deadline nears its end.
On the Truth Social platform, Trump published his speech to Japan’s Prime Minister Ishiba Shigeru and South Korea’s President Lee Jae Myung, including the new tariff rates and reasons.
The tariffs announced by Trump today are nearly identical to those revealed on April 2, when he charged 24% tariffs on Japan and 25% on South Korea.
The negotiation period Trump announced in April with trade partners is set to expire on July 9, but the US President stated that the reimposed tariffs will take effect on August 1.
