Japan, South Korea face 25% tariffs as Trump ramps up trade war in letters to leaders

Reuters - U.S. President Donald Trump on Monday began telling trade partners - from powerhouse suppliers like Japan and South Korea to minor players - that sharply higher U.S. tariffs will start August 1, marking a new phase in the trade war he launched earlier this year. The imposition of the 25% levy on U.S. importers of...

Ada Derana Biz•8 Jul 2025

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