Reported 23 days ago
President Trump notified various countries of new tariffs, including a significant 25% on imports from Japan and South Korea, which will take effect on August 1. He sent out 14 letters detailing the new rates that range from 25% to 40% and signed an executive order delaying the implementation. The announcement led to a drop in stock prices as markets reacted to the uncertainty surrounding trade agreements and negotiations with multiple countries, including the EU, China, and Vietnam.
Source: YAHOO