Trump announces 25% tariffs on South Korea and Japan
Summary
The United States plans to start a 25% tax on goods coming from South Korea and Japan starting August 1. This announcement was made by President Trump, indicating his ongoing commitment to use tariffs despite previous pauses for negotiations.Key Facts
- The US will apply a 25% tax on imports from South Korea and Japan.
- President Trump announced this decision through social media.
- Letters have been sent to the leaders of these two countries about the tariffs.
- The White House plans to send similar notices to other countries soon.
- Earlier in April, similar tariffs were discussed but were temporarily paused.
- The pause on these tariffs is set to end on July 9.
- Treasury Secretary Scott Bessent mentioned ongoing negotiations with new proposals being received.
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