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Originally published by Capital Businessbusiness
July 8, 2025
1y ago
Trump announces 25% tariffs on South Korea and Japan
JULY 8 - The US plans to impose a 25% tax on products entering the country from South Korea and Japan on 1 August, President Donald Trump has said. He Kenya breaking news | Kenya news today |..
✨ Key Highlights
President Donald Trump has announced plans to impose a 25% tariff on products from South Korea and Japan, effective 1 August.
- 25% tariffs set to impact goods from Japan and South Korea
- Trump announced the tariffs via social media and indicated ongoing negotiations with various countries
- Initial tariffs were part of a larger trade policy; negotiations to avoid the new duties are set to expire on 9 July
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Part of the Day's Coverage
Tariff and Trade Policy Changes Impacting Countries
US delays higher tariffs but introduces new taxes; Trump announces 25% tariffs on South Korea and Japan; Ramaphosa opposes Trump's South Africa tariffs.
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