Trump to put 25% tariffs on Japan and South Korea

By JOSH BOAK WASHINGTON AP President Donald Trump on Monday placed a tax on goods imported from Japan and South Korea citing persistent business imbalances with the two crucial U S allies in Asia Trump provided notice of the tariffs to begin on Aug by posting letters on Truth Social that were addressed to the leaders of both countries The letters warned both countries to not retaliate by increasing their own import taxes or else the Trump administration would increase import taxes that could damage the auto and electronics sectors of Japan and South Korea two crucial partners for the U S in countering China s influence If for any reason you decide to raise your Tariffs then whatever the number you choose to raise them by will be added onto the that we charge Trump wrote in the letters to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung Related Articles Wall Street moves lower as Trump s tariff deadline nears Massachusetts lobster fight Cape Cod fishers say they re being unfairly punished How to focus and build your intention span Bessent hints at agreement talk extensions Ticker OPEC to boost oil production China bans EU curative devices