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Trump says he will hit Japan and South Korea with 25% tariffs

FT.com Monday, 7 July 2025 ()
US president posted the first of the letters he had promised setting new trade levies
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News video: Trump SLAPS 25% TARIFFS on Japan & South Korea | Key Trading Partners on Trump’s TARIFF Radar

Trump SLAPS 25% TARIFFS on Japan & South Korea | Key Trading Partners on Trump’s TARIFF Radar 05:16

Donald Trump has slapped 25% tariffs on Japan and South Korea, warning both nations to “build in the USA or pay up.” With a July 9 deadline looming, Trump’s letters threaten even steeper tariffs if Tokyo or Seoul retaliate or refuse trade deals. He blames long-standing U.S. trade deficits on...

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