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Trump Threatens Higher Tariffs on Japan, South Korea
US President Donald Trump has unveiled letters that threaten to impose higher tariff rates on key trading partners, including levies of 25% on goods from Japan and South Korea beginning Aug. 1. Trump also announced 25% rates on Malaysia and Kazakhstan,
Trump tariffs live: Japan, South Korea and other trade partners get new rates
U.S. President Donald Trump said on Sunday his administration is close to finalizing several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9. Those rates are scheduled to take effect on August 1, he said.
Markets fall on Monday after President Trump threatened 14 U.S. trading partners with steep tariffs starting August 1.
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