Trump to put 25 pct tariffs on Japan and South Korea
President Donald Trump issued a 25 percent tax for goods imported from Japan and South Korea on Monday and showed lasting trade imbalances with two US allies in Asia.
Trump issued letters on the real Social, which appealed to the leaders of both countries, and notified the tariffs that will start on August 1st.
Letters warned both countries not to retaliate by increasing their import taxes, otherwise the Trump administration will increase import taxes that can harm Japan and South Korea’s automobile and electronics sectors, which are two important partners for the US.
“If you decide to raise your tariffs for any reason, regardless of the number you choose to raise them, we will add to 25% we blame, Tr Trump wrote to Japan Prime Minister Shigeru Shigeru Ishiba Ishiba and South Korean President Lee Jae-Myung.
The letters published in the White House Stationery have typical developments and magnitude of Trump. “We invite you to endure the extraordinary economy of the United States, the world’s number one market,” he wrote.
“Thank you for your interest on this topic!” It ends by saying.
Trump was willing to increase tariffs for American trade partners after he paused his plans earlier this year.
With AP
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