Trump to Levy 25% Tariffs on Japan, South Korea in August
July 7, 2025
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0:21Now PlayingTrump to Levy 25% Tariffs on Japan, South Korea in August
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as posted by the channelPresident Donald Trump said he’ll impose tariffs of 25% on goods from Japan and South Korea beginning Aug. 1, giving the two export powers a narrow three-week window to open their markets to American products and manufacture more in the US to avoid his unilateral levies.
The Asian nations were the first in what the president promised would be a flurry of written warnings and trade deals announced on Monday, two days before agreements are due from trading partners facing his April 2 so-called reciprocal levies.
Trump’s second-term rush to overhaul US trade policies has served as a steady source of uncertainty for markets, central bankers and executives trying to game out the effect on production, inventories, hiring, inflation and consumer demand — routine planning that’s hard enough without costs like tariffs that are on one day, off the next.
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