Dark Mode Light Mode

Trump announces 25% tariffs on Japan, South Korea

President Donald Trump on Monday announced the U.S. will impose 25% tariffs on goods imported from Japan and South Korea.

Trump shared letters addressed to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae Myung in posts on Truth Social.

The new levies will take effect on Aug. 1.

Advertisement

Stocks reacted to the announcement, with the Dow Jones Industrial Average falling more than 500 points, or 1.1%, while the S&P 500 and the Nasdaq Composite each dropped 0.9%.

This is a developing story. Please check back for updates.

Add a comment Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

Matt Fisher earns first NZ call-up, Williamson remains unavailable for Zimbabwe Tests

Next Post

Mulder: Lara keeping that record is exactly the way it should be

Advertisement