Japan and South Korea Hit with 25% Tariffs as Trump Escalates Trade Conflict
US President Donald Trump has initiated a pivotal new chapter in the trade war he set in motion earlier this year. In a recent communication to various international partners—ranging from major suppliers like Japan and South Korea to smaller economies—he announced that they should prepare for significantly higher tariffs starting from August 1.
The decision to impose a 25% levy on all goods from key allies Japan and South Korea sent ripples through Wall Street, though markets in Asia appeared to absorb the news more…