Japan, South Korea hit with 25% tariffs as Trump ramps up trade war in letters to leaders
- Posted on July 8, 2025
- By Business News Today
- 2 Views
Japan, South Korea hit with 25% tariffs as Trump ramps up trade war in letters to leaders
President Trump initiated a new phase in the trade war by informing trade partners, including Japan and South Korea, of increased U.S. tariffs starting August 1. While hinting at further negotiations, Trump warned of reciprocal responses to any tariff increases. The move has sparked market turmoil, with U.S.
