Goods from Japan and South Korea hit with 25% levy

The United States announced a 25% tax for products from South Korea and Japan, as President Donald Trump began to share a group of letters to the leaders of the world that summarizes tariff plans.

The messages come as a 90 -day pause, which will expire in the White House, which is placed in some of the most aggressive tariffs.

Trump suspended higher tariffs to allow trading negotiations with various governments after the first announcement of scream and turmoil in financial markets.

Higher tasks would continue on July 9, but Trump said that he is now planning to implement them on August 1st.

The latest letters show that Trump has adhered to the first edition for tariffs, and that there are slightly changes from the rates announced in April.

The president argues that the introduction of tariffs will protect American enterprises from external competition and at the same time increase internal production and jobs.

After publishing letters that detailed tariffs for Japanese and South Korean imports, stocks shifted on Monday.

Other letters revealed 40% tariff for goods from Myanmar and Laos, a tariff of 30% from South Africa, and 25% tariff plans for goods from Malaysia.

These rates are similar tariffs that emerged in April, when he announced the “Day of Independence Day”, which imposes new taxes from various countries to goods.

For example, he said that he wanted to hit the goods from Japan with 24% duties and received 25% for products made in South Korea.

White House Press Secretary Karoline Leavitt said that the Trump administration plans to send letters to about 12 countries on Monday and will share the notes on social media with more letters to be followed.

He objected to the proposal that the tariff dead date from July 9 to August 1 could reduce the power of Trump’s threats.

“The president’s phone, I can tell you, he’s always stealing the hook of world leaders who always begged him to come to an agreement.” He said.

When Trump first announced the tariffs in April, Furore exploded, the President quickly suspended some of the highest import taxes to allow negotiations while fulfilling 10% tax.

Treasury Secretary Scott Bessent said he was waiting for “a few days”.

“We changed the melodies of many people in terms of negotiations. So my mailbox was full of many new offers, many new offers,” the US business publisher told CNBC. He said.

Trump initially described April tariffs as “mutual”, and claimed that other countries should fight against the trade rules, which he saw as injustice to US exports.

For key sectors such as steel and cars, referring to national security concerns and threatening upgrade taxes in other items such as drugs and timber.

Multi -layered policies have complex trade talks, and car tariffs are an important point of adhesion in negotiations with Japan and South Korea.

So far, the United States, Britain and Vietnam, as well as a partial agreement with China has made. In all three of these cases, agreements increased tariffs compared to levels before returning to Trump White House. Lock problems were not solved.

The European Union (EU) is reported to be in negotiations that will keep a 10% tax for most goods sent to the United States beyond the deadline.

However, he wants to reduce Trump’s 25% tariff in cars and parts and 50% tax on steel and aluminum.

A spokesman said the European Commission President Ursula von Der Leyen was a “good change” with Trump. Just a few weeks ago, the US President threatened the EU with a 50% tax unless the President of the US reached an agreement.

Last week, Trump said that if Japan could not reach an agreement with the US on Wednesday, Japan may encounter a “30% or 35%” tariff.