U.S. President Donald Trump announced on Monday that a new 25% tariff on imports from Japan and South Korea will take effect starting August 1. The announcement was made via his Truth Social platform, where he said that formal notification letters have already been sent to both countries. These nations are among the first ones to receive the letters.
Trump posted screenshots of the letters addressed to Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae-myung, informing them of the tariff changes and signaling a firm stance on trade ahead of the implementation date.
Japan and South Korea are among the first nations to receive the tariff notices, which come with a clear warning about the new trade measures.
This is a developing story and will be updated as more information becomes available.
