Japan, South Korea and Donald Trump
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By Jeff Mason, Bart H. Meijer and David Brunnstrom WASHINGTON/BRUSSELS (Reuters) -U.S. President Donald Trump on Monday began telling trade partners - from powerhouse suppliers like Japan and South Korea to minor players - that sharply higher U.
While South Korean imports to the U.S. face 25% tariffs, the same as Trump promised in April, the rate on Japan has been raised by 1 percentage point to 25%.
President Trump's newly announced 25% tariffs on goods from South Korea and Japan closely reflect tariffs for each nation that Trump had announced on April 2, before implementing a 90-day pause that was set to expire Wednesday.
WASHINGTON — U.S. markets saw steep drops as President Donald Trump began announcing unilateral 25% tariffs on all imports from key trading partners Japan and South Korea shortly after noon Monday. Hours later, he announced additional tariffs ranging from 25% to 40% on Kazakhstan, Laos, Malaysia, Myanmar and South Africa.
President Donald Trump announces 25% tariffs on all imports from Japan and South Korea, sparking market jitters and trade concerns.
Trump’s initial global reciprocal tariffs unveiled on April 2 ranged from 10% to 49%, including 49% on Cambodia, 25% on South Korea, 24% on Japan, 32% on Taiwan and 26% on India.
President Donald Trump announced on Monday that he is levying tariffs against South Korea and Japan beginning in August. Trump announced in two separate posts to Truth Social that the two countries will each face a 25% tariff beginning on August 1.