Trump steps up trade wars with 25% tariffs on Japan and South Korea | Trump tariffs
Donald Trump has planned to increase trade wars on Monday by announcing that Japan and South Korea will soon encounter US tariffs in a significant increase in its controversial economic strategy.
Stating that it would report up to 15 new countries on Monday, the US President, Japan and South Korea leaders published copies of letters discussed on social media. Trump said the rates will come into force on August 1st.
The letters were largely identical and informed the leaders that there will be no tariffs if they decided to establish or produce products in the United States in the United States ”.
Trump also threatened higher tariffs if countries put additional tariffs on US exports. “If you decide to raise your tariffs for any reason, regardless of the number you choose to raise them, it will be added to 25% we charge,” he wrote.
In April, Trump initially announced an arduvaz of the so -called mutual tariffs about what the White House calls “the Day of Liberation, and some countries face 50% high rates
While these tariffs paused for 90 days between the market turmoil, this repriev needs to end on Wednesday, July 9th.
Trump officials suggested that they would make dozens of agreements with key economies during the pause, but since then they would use an extension to continue negotiations.
Treasury Secretary Scott Bessent said last month that the administration aims to complete the negotiations according to the Labor Day on September 1.
The United States has made agreements with three countries so far: Britain, China and Vietnam and Bessent said there are still more than a dozen countries that the US is still trying to negotiate.
The new August date for countries from the agreement also leads to a three -week re -revival, but at the same time triggering new uncertainty for importers because of a lack of clarity around the tariffs.
As the last date of July approaches, Trump officials compete in the broker agreements. At the weekend, a European diplomat said that the US may need to özen if the agreement is not good enough ”.
The White House also reached a dead end in negotiations with Japan, despite the first optimism. On Friday, Trump said that it was “much easier to send letters ve and the offers were“ buy or let ”.
In Wall Street, Trump’s first letters were measured by about 0.9%.
Although the US stock exchange has largely survived the uncertainty around Trump’s trade war, the US dollar still weakened after months of trade wars. At the beginning of this year, the dollar had the worst six months in 50 years and has fallen 10.8% since the beginning of 2025.
