Japan, Trump and South Korea
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Trump, Tariffs
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Trump shared screenshots of letters detailing new tariff rates for over a dozen countries, allowing room for further negotiations before the renewed deadline of Aug. 1.
The U.S. will impose tariffs of 25% on Japan and South Korea beginning on Aug. 1, President Donald Trump announced on Monday in posts on Truth Social.
By Tamiyuki Kihara, Makiko Yamazaki and Yoshifumi Takemoto TOKYO (Reuters) -When Japanese Premier Shigeru Ishiba first met Donald Trump in February, his plan to placate the protectionist president's long-held frustration with Tokyo on trade was a promise to invest $1 trillion in the United States.
The chipmaker Nvidia has become the first company in the world to reach a market value of $4tn on Wednesday. David Harper hears from experts. And Donald Trump has said the United States is shifting from aid to trade in its relationship with Africa as he welcomed five presidents from the continent to the White House.
The new tariff rates threatened in the letters Trump shared Wednesday are similar to those he announced on what the White House dubbed “Liberation Day” in early April.