Trump slaps 25% tariffs on Japan and South Korea in big gamble as deadline to price spike ‘doomsday’ approaches

President Donald Trump beat Japan and South Korea because he carried out trade imbalance with the United States and declared that both countries would be slapped with a 25 percent tariff from August 1st.

Trump issued a frightening attack in two letters sent to the leaders of both countries and said, ‘Unfortunately, our relationship is more than mutual’.

Then the hammer lowered, declared what the new tariff would be, which can disable the US’s economies

The President said that at the end of his grade, there would be a place for negotiation and the tariffs will not come into force until the next month.

Trump, South Korean President Lee Jae-Myung, “starting from August 1, 2025, starting from all sectoral tariffs to the United States sent to the United States, we will demand only 25% tariff.”

He said that the ratio is ‘much less than necessary to eliminate the inequality of trade deficit with your country’ and that any effort to escape the tariff will be met with rapid results.

The markets immediately fell into news, Dow Jones has won an average of 400 points, and the wider S&P 500 lost almost percent points.

Trump resulted in another threat: ‘If you decide to raise your tariffs for any reason, then, whatever the number you choose to raise them, it will be added to 25% we charge’.

Trump tied unusual letters with compliments and excavations and called the countries to trade with the USA.

Trump described the letter as a ‘great honor’ and said that despite a ‘important trade deficit’, the ‘trade relationship between countries’ shows the power and commitment’.

Trump’s letter to Japan’s prime minister Ishiba Shigero seemed to invite Japan to participate in the ‘extraordinary’ economy through trade, even if exports are subject to tariff.

Both countries are US allies.

The US helped to rebuild both economies with its comprehensive trade ties after the World War II and after the Korean War. For years, US consumers and companies have applied to both countries for automobiles and consumer products, but also vital computer chips and technology for other products.

According to the US Trade Representative Office, the US realized a trade deficit of $ 66 billion with Korea last year.

This figure reflected the US Korean cars, microchip purchases. The US has faced a trade gap of $ 67 billion with Japan, the fifth largest economy in the world.

Japan, 10 percent of the board of directors, as well as encounter, cars, automobile parts and a 25 percent of the steel was faced with a tariff.

White House Press Secretary Karoline Leavitt brought Trump’s letters to the White House briefing room a few minutes after Trump’s sending.

He told journalists that Trump would sign a executive order that delayed the date of July 9 to August 1 – Trump’s last move called on a delay instead of a date when only tariffs will come into force.

White House Press Secretary Karoline Leavitt wrote to President Donald Trump’s South Korean President Lee Jae-Myung for publishing the tariff letters before the deadline of the administration

Following the briefing, Trump issued letters to the slices of other countries: Malaysia, South Africa, Myanmar (formerly Burma), Kazakhstan, Vientiane and others.

During an oval office meeting, South African President Cyril Ramaphosa, who clashed with Trump, had a 30 percent tariff.

Since the White House plans to release a dozen or more letters signed by President Trump, global markets are prepared for more tariff chaos.

The speech of the letters passed most of the conversation about ‘agreements’, where Trump’s team wrote to various nations. The result can increase the costs paid by the American for various goods.

The President would not apply to journalists for which countries would receive letters, but he said they would be sent at some point this week starting on Monday.

Trade Secretary Howard Lutnick told journalists, said the tariffs will come into force on August 1st.

The uncertainty shows that Trump’s implementation just two days before the deadline for July 9, the management has made more agreements within the next 48 hours and the store is still open to negotiations.

“ Many people have changed their melodies in terms of negotiations. Treasury secretary Scott Bessent CNBC’ye told, my mail box last night many new offers, many new offers were full, ” he said. “ That is why there will be a few days, ‘he added.

Economic Consultant Kevin Hassett said on Sunday CBS ‘face’ ‘he said. “ There are deadline and there are things that are close, so maybe things will pass or maybe they will not. Finally, the President will make this decision. ‘

On April 2, Trump announced that he explained what he had heralded as the day of liberation and applied a 10 percent tariff for imports.

Some countries faced additional tasks up to 50 percent, but the tariffs specific to this country were suspended after the market panic and asked Trump to start a 90 -day pause.

During this period, Trump provided preliminary trade agreements with the United Kingdom, China and Vietnam, but all three agreements require more negotiation to conclude conditions.

Trade Advisor Peter Navarro initially set an ambitious target to complete 90 agreements in 90 days, which is an unreachable target.

The US stock exchanges fell less than 1 percent of the S&P 500 with an upcoming last date on Monday, and the Dow Jones industrial average fell 96 points before Trump’s first letters. Bond yields were mixed.

In just one of the trade issues in the air, Trump threatened the European Union with a 17 percent tariff in food exports and threatened it with a movement that could attract this industry.

Trump, ‘Salvation Day’ tariffs imposed on April 2, ‘Pause’

“ Many people have changed their melodies in terms of negotiations. Treasury Secretary Scott Bessent told CNBC, my mail box filled last night last night, ‘

Economic Consultant Kevin Hassett said on Sunday CBS ‘face’ ‘he said.

Without an agreement, the EU faces a 50 percent tax for all goods going to the United States.

EU officials told the Financial Times that the new food tax was an increase between the two trade partners.

Two Federal Courts refers to a national emergency, and reduced the tariffs imposed on the Law on Emergency Economic Authorities (IEEPA).

However, the tariffs remain in force as legal challenges progress in the courts.

Trump returned to Washington 6 July while the tariff’s last date appears