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Trump Initially Targets Japan and South Korea with 25% Tariffs on Imports
2 day ago /
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Author：小编
On the 7th, U.S. President Trump announced that beginning August 1st, a 25% tariff would be imposed on all imports from Japan and South Korea. In a letter addressed to the leaders of these two nations, Trump explained that this measure was intended to redress the trade imbalance, despite the fact that the 25% tariff rate was significantly lower than what was initially considered necessary. He further cautioned that should Japan and South Korea retaliate by raising their own tariffs, the United States would reciprocate with equivalent tariff increases. Trump also emphasized that Japanese and South Korean companies manufacturing within the United States would be exempt from these tariffs.
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