Trump announces 25% tariff on imports from Japan and South Korea from Aug 1; warns against retaliation

US President Donald Trump announced on Monday that a 25 per cent tariff will be imposed on imports from Japan and South Korea starting August 1. The declaration was made via Trump's social media platform, Truth Social, where he also shared copies of letters sent to leaders of these two countries. The letters carried a clear warning, stating any retaliatory move involving increased import taxes could prompt the US to impose even steeper tariffs. Trump specifically hinted at potential repercussions for Japan and South Korea's critical auto and electronics sectors, should they choose to push back against the newly announced trade measure. 

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