Close Menu
    What's Hot

    Donald Trump announces 25% tariffs on Japan and South Korea

    July 7, 2025

    Discover exciting opportunities at TCS Letterkenny Careers Evening

    July 7, 2025

    The hurling All-Star winners, as things stand

    July 7, 2025
    Facebook X (Twitter) Instagram
    Trending
    • Donald Trump announces 25% tariffs on Japan and South Korea
    • Discover exciting opportunities at TCS Letterkenny Careers Evening
    • The hurling All-Star winners, as things stand
    • Tadhg O’Brien’s lifelong love affair with Ireland
    • Donald Trump threatens 25% tax on goods imported from Japan and South Korea
    • Gallery: Donegal mum’s Teddy Bear Picnic raises meningitis awareness of in honour of late son
    • Kerry’s Diarmuid O’Connor and Tom O’Sullivan to miss Tyrone semi-final
    • Russian minister found dead hours after being sacked by Putin
    • Demos
    • Politics
    • Money
    • Buy Now
    Facebook X (Twitter) Instagram
    Local Europe NewsLocal Europe News
    Subscribe
    Monday, July 7
    • Home
    • Features
      • Typography
      • Contact
      • View All On Demos
    • Sports

      The hurling All-Star winners, as things stand

      July 7, 2025

      Kerry’s Diarmuid O’Connor and Tom O’Sullivan to miss Tyrone semi-final

      July 7, 2025

      Bohemians chief scout David Henderson awarded €26,000 for ‘sham redundancy’

      July 7, 2025

      NBA’s Timberwolves single CJ Fulton out for Summer League praise

      July 7, 2025

      Meath will face Kerry in the All-Ireland semi-final while Galway will take on Dublin

      July 7, 2025
    • Typography
    • Sports
      1. Politics
      2. Money
      3. View All

      Donald Trump announces 25% tariffs on Japan and South Korea

      July 7, 2025

      Discover exciting opportunities at TCS Letterkenny Careers Evening

      July 7, 2025

      Donald Trump threatens 25% tax on goods imported from Japan and South Korea

      July 7, 2025

      Gallery: Donegal mum’s Teddy Bear Picnic raises meningitis awareness of in honour of late son

      July 7, 2025

      The hurling All-Star winners, as things stand

      July 7, 2025

      Kerry’s Diarmuid O’Connor and Tom O’Sullivan to miss Tyrone semi-final

      July 7, 2025

      Bohemians chief scout David Henderson awarded €26,000 for ‘sham redundancy’

      July 7, 2025

      NBA’s Timberwolves single CJ Fulton out for Summer League praise

      July 7, 2025
    • Buy Now
    Local Europe NewsLocal Europe News
    Home»Politics»World

    Donald Trump announces 25% tariffs on Japan and South Korea

    LEN EditorBy LEN EditorJuly 7, 2025Updated:July 7, 2025 World No Comments2 Mins Read
    Donald Trump announces 25% tariffs on Japan and South Korea
    Tokyo Tower is seen amid tall buildings as a container ship leaves a cargo terminal (Hiro Komae/AP)
    Share
    Facebook Twitter LinkedIn Pinterest Email

    US President Donald Trump has imposed a 25% tariff on goods imported from Japan and South Korea, alongside new tariff rates for Malaysia, Kazakhstan, South Africa, Laos, Myanmar and Tunisia.

    These tariffs are scheduled to take effect on August 1.

    Mr. Trump announced this decision through letters posted on Truth Social, addressed to the leaders of the relevant nations.

    US President Donald Trump waves to the media after exiting Air Force One (Jacquelyn Martin/AP)

    The letters contained a warning against retaliatory measures in the form of increased import taxes, stating that the Trump administration would further escalate tariffs in response.

    “If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 25% that we charge,” Mr. Trump wrote in the letters to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung.

    These letters represent another act in a global economic drama largely orchestrated by Mr. Trump.

    These actions have ignited concerns regarding potential slowdowns in economic growth and an increased vulnerability of the US and other countries to recession.

    However, Mr. Trump maintains confidence that these tariffs are crucial for revitalizing domestic manufacturing and financing the tax cuts recently enacted into law.

    His approach blends assertiveness with a willingness to negotiate, suggesting a continuation of the current uncertainty and the non-final nature of many situations under his leadership.

    Imports from Myanmar and Laos are set to be taxed at 40%, South Africa at 30%, and Kazakhstan, Malaysia, and Tunisia at 25%.

    Shoppers browse electric rice cookers imported from Japan and South Korea at a US department store (Nam Y Huh/AP)

    Mr. Trump emphasized the word “only” when disclosing the tariff rates in his letters, implying a sense of generosity in his actions.

    Mr. Trump still faces unresolved trade disputes with the European Union and India, among other international trading partners.

    More intense negotiations are anticipated with China, where a 55% tariff is already in place on imports from that country.

    News Source : Irish Examiner

    announces Donald Japan Korea South tariffs Trump
    LEN Editor
    • Website

    Keep Reading

    Donald Trump threatens 25% tax on goods imported from Japan and South Korea

    Russian minister found dead hours after being sacked by Putin

    Trump seeks to pressure trading partners to make deals before tariffs deadline

    Pamplona holds opening bull run during Spain’s San Fermin festival

    Risk of further floods in Texas as death toll rises to 82

    At least 70 dead after devastating flooding in central Texas

    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    Arena presenter Seán Rocks picks his touchstones

    June 23, 2025

    Music legend Brush Shiels picks his touchstones 

    June 2, 2025
    Latest Posts

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Advertisement
    Demo
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Local Europe News
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.