Japan, South Korea and Trump
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Trump, European Union and Tariff
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The Trump administration has again delayed the date when new reciprocal tariffs will go into effect, and the president threatened a 35 percent tariff on Canada.
The U.S. will put in place a 25% tariffs on imports from Japan and South Korea starting on Aug. 1, according to letters posted by President Donald Trump on his social media platform on Monday. Trump already delayed the high tariff rates against dozens of U.S. trade partners that he rolled out on April 2 until Wednesday.
Trump shared screenshots of letters detailing new tariff rates for over a dozen countries, allowing room for further negotiations before the renewed deadline of Aug. 1.