CNN
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Stocks tumble after Trump announces 25% tariffs on Japan and South Korea
Posted
July 7, 2025
Views
347,365
Likes
2,819
Comments
2,304
Engagement
1.47%
July 7, 2025
347,365
2,819
2,304
1.47%
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9:13Now PlayingPresident Donald Trump cranked up the pressure on two of America’s key trading partners, Japan and South Korea, firing off letters Monday to the heads of their countries that informed them of their new tariff rate. Both countries will face a 25% tariff come August 1, Trump said in posts on Truth Social displaying the letters, potentially giving countries more time to negotiate deals. CNN’s Matt Egan report. #CNN #News
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