Reported 23 days ago
President Trump has announced the implementation of 25% tariffs on South Korea and Japan, scheduled to take effect on August 1. This decision aligns closely with the rates he previously proposed during 'Liberation Day' in the spring. While negotiations continue with these nations, the tariffs signify Trump's aggressive approach to trade, alongside plans to address rates with other trading partners. The announcement has caused a decline in stock markets as the focus shifts to potential future trade deals.
Source: YAHOO