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Trump sets 25% tariffs on imports from Japan and South Korea



Trump sets 25% tariffs on imports from Japan and South Korea

Ahead of President Trump’s Wednesday deadline to resume his liberation day tariffs, Trump today sending letters to foreign leaders warning if no deals are made, their tariffs will go up. There will be approximately 12 other countries that will receive uh notifications and letters directly from the president of the United States. Trump today posting letters addressed to the leaders of Japan and South Korea, two crucial trading partners. He says starting August 1st, he will charge both countries a 25% tariff on all products sent to the US. Trump says there will be no tariff if the companies from their countries build or manufacture in the US. And if Japan and South Korea decide to raise their tariffs, Trump says whatever number it’s raised by will be added on to the 25%. The administration, the president, and his trade team want to cut the best deals for the American people and the American worker. So far, the White House has only announced the framework of a deal with the United Kingdom. And Trump says there is a deal in place with Vietnam. Treasury Secretary Scott Besson says several trade announcements are coming in the next 48 hours. Besson on CNBC. We’ve had a lot of people change their tune in terms of negotiations. So, uh, my my mailbox was full last night with a lot of new offers, a lot of new proposals. American allies in Europe preparing for tough negotiations. When the commission sits down with the United States to negotiate on trade and tariffs, Europe must show strength. The White House says those 12 tariff letters will be sent today. Other countries include South Africa, Malaysia, and Laos with more letters being sent in the coming days. On China, Secretary Besson says negotiations will resume. They’re going to have another meeting in the next couple of weeks. Perry Russell, ABC News,

President Donald Trump has announced 25% tariffs on goods from Japan and South Korea beginning Aug. 1. President Donald Trump on Monday placed a 25% tax on goods imported from Japan and South Korea, citing persistent trade imbalances with the two crucial U.S. allies in Asia. Trump provided notice of the tariffs to begin on Aug. 1 by posting letters on Truth Social that were addressed to the leaders of both countries. https://abc7news.com/17001659/

#politics #donaldtrump #president #tariffs #japan #southkorea #economy #abc7news

View 22 Comments

22 Comments

  4. @MrInuhanyou123 on

    Speed run to American irrelevance on the global stage. Make America great again indeed. All those people suspecting Trump and his people being intentional plants to cause chaos might have some truth just with the actions hes taken in both terms.

    Then again, this is how the right in America over centuries has always acted. This is just its natural conclusion when left to fester and not addressed. Power obsessed, stupid, evil and largely incompetent even at it's own stated goals.

  9. @Fatboy_69-69 on

    Trump is now talking about tariffs again only to distract from the Epstein files. That’s what trump does. When something comes up about him that he doesn’t like he does something stupid to distract people. Trump is a criminal. He’s been doing this all his life.

  14. @deborahlauterbach6156 on

    Here we go. Time for America to put more farms back in action. To regain greater Independence. Trumps tariff proposals are fair for both sides. They don't like that we refuse to be a doormat for the world around us. We must stay strong, regain Independence, and focus more on MADE in AMERICA. Go farmers, manufacturers, small businesses, etc. etc.

  15. @howardscott8724 on

    THE ULTIMATE GOAL OF TRUMP'S TARIFFS IS TO ISOLATE AMERICA FROM THE REST OF THE WORLD. CANADA WAS FIRST TO BEGIN AND MOVE AGRESSIVELY TO CUT TIES WITH AMERICA AND ESTABLISH COMPREHENSIVE RELATIONSHIPS WITH EUROPEAN, ASIAN AND OTHER NATIONS, LEAVING THE AMERICAN PEOPLE OUT IN THE COLD. TRUMP IS GOING TO BE DOING THIS WITH MANY OTHER COUNTRIES, ALL TO THE DETRIMENT OF THE AMERICAN PEOPLE

  16. @carrite on

    Hey, Americans — the President of the United States does not have the power to unilaterally set tariff rates. That is designated to Congress. Of course, the Republican leader-cultists have abrogated this power to Dear Leader and his phony baloney "economic emergency," so whatcha gonna do?

    FAFO.

  22. @Thomas23-tu8gj on

    As Trump falsely boasts about the "tax cuts" in the recent bill, remember that such tariffs will be a huge new tax on the American public – not on foreign countries as Trump claims with his BS.