Trump announces 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. The letters warned both countries to not retaliate by increasing their own import taxes, or else the Trump administration would further increase tariffs.
By: BRIDGET BROWN and PAMELA SAMPSON
Read the full story here AP NEWS
Author Profile
Latest entries
Labor Rights08/24/2026Socialists’ Winning Streak Is an Opportunity for Unions
Political Elections08/21/2026Abdul El-Sayed Beats the Democratic Establishment and AIPAC in Michigan
Democratic Socialism08/14/2026No, AOC: “Woke” Wasn’t “Crazy” the Way You Say It Was
Political Elections08/13/2026The Socialist Electoral Project Still Hasn’t Hit Its Ceiling
