Trump, Japan and tariffs
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Japanese bond yields are rising and give rise to the sense that Japan is either in the ante chamber of a full recovery, or on the precipice of something nastier
President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other nations that would go into effect on Aug. 1.
President Donald Trump on Monday informed Japan and South Korea that 25% tariffs will be imposed starting Aug. 1 on goods sent to the United States.
While South Korean imports to the U.S. face 25% tariffs, the same as Trump promised in April, the rate on Japan has been raised by 1 percentage point to 25%.
Japan and South Korea, the United States’ closest security allies in Asia and key partners in its effort to counter China, were sent scrambling Tuesday after the U.S. president renewed his threat to impose steep tariffs on their goods,
U.S. stock markets reacted negatively on Monday after President Trump announced via social media that he would unilaterally impose 25% trade tariffs on Japan and South Korea. The tariffs target two of America’s closest allies and key suppliers of autos,
The U.S. will put in place a 25% tariffs on imports from Japan and South Korea starting on Aug. 1, according to letters posted by President Donald Trump on his social media platform on Monday. Trump wrote to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung to inform them of the news, citing unfair trade balances.
US stocks fell Monday as President Donald Trump announced a flurry of tariffs on countries including Japan, South Korea and South Africa.
The pause on the biggest of Trump's tariffs won't end this week, but the president continues to pledge steep new duties against major countries.