Trump announces new round of tariffs for 6 countries
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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.
President Donald Trump sent out letters to nations that haven't entered into trade agreements with the U.S., informing them of their new tariff rates.
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.
Try The Mainichi News Quiz for July 11 to test your news knowledge. Ready?What tariff rate has U.S. President Donald Trump announced will apply to Japan from Aug. 1?A) 10%B) 15%C) 24%D) 25%Read the ed
The White House sent letters yesterday to about a dozen countries laying out the rates at which imports would be taxed—ranging from 25% to 40%—if no other trade agreements are
He said Japan could face a tariff of 30 to 35 percent if no deal is made, higher than the 24 percent reciprocal tariff Trump had originally imposed, and then paused, in early April. The tariff pause ends on July 9, though Trump has touted flexibility on the deadline.
President Donald Trump announced on Monday that he is levying tariffs against South Korea and Japan beginning in August. Trump
Anxiety over U.S. tariffs has been spreading across Japan, a central bank report shows, sending a worrying signal about the corporate outlook as trade uncertainty deepens.