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Trump unveils 25% tariffs on South Korea and Japan, nearly identical to his 'Liberation Day' rates
Source: Yahoo! Finance
Trump unveils 25% tariffs on South Korea and Japan, nearly identical to his 'Liberation Day' rates
Ben Werschkul·Washington Correspondent
Updated Mon, July 7, 2025 at 5:13 PM EDT·5 min read
President Trump began unveiling his "UNITED STATES TARIFF Letters" Monday with the threat of 25% duties on South Korea and Japan, two top trading partners.
The new rates — which aren’t scheduled to take effect until Aug. 1 — track closely with what the president first announced on "Liberation Day" this spring before he offered a 90-day pause that had been scheduled to expire on July 8.
Back in April, Trump announced plans for a 25% rate on South Korea and a 24% rate on Japan.
Trump posted other letters Monday afternoon to a dozen other trading partners from Malaysia (a 25% rate) to South Africa (30%) to Serbia (35%).
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Read more: https://news.yahoo.com/finance/news/trump-unveils-25-tariffs-on-south-korea-and-japan-nearly-identical-to-his-liberation-day-rates-165556527.html