Trump Imposes 25% Tariffs on Japan, South Korea from August 1

President Trump announced the imposition of 25% tariffs on imports from Japan and South Korea, effective August 1, 2025, as part of his administration's broader trade policy overhaul. He warned that these tariffs could increase if either country retaliates or raises their own tariffs, emphasizing a reciprocal approach aimed at addressing trade deficits. Trump also cautioned nations associating with the BRICS bloc against 'anti-American' policies by threatening additional tariffs. These tariff letters mark the beginning of a series of communications to multiple countries, signaling a firm stance on trade negotiations and demanding manufacturing shifts to the United States to avoid tariffs. While some trade tensions have eased with countries like China and Vietnam, the tariffs have injected uncertainty into global markets and ongoing trade discussions. Treasury Secretary Scott Bessent clarified that these duties would take effect on August 1, allowing more time for negotiations before the 90-day suspension period ends.