Japan, South Korea and Trump
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The US sets reciprocal tariffs of 25% for Japan and South Korea. Both countries vowed to accelerate negotiations within three weeks.
Japan and South Korea have until Aug. 1 to agree new trade terms with the U.S., or face 25% “reciprocal” tariffs. The two Asian countries share vulnerabilities that put them in President Trump’s crosshairs,
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.
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Hankyoreh English Edition on MSNProspect of South Korea-US summit dims as Rubio calls off visit to Seoul, tariff talks continueUS Secretary of State Marco Rubio abruptly canceled a visit to South Korea originally planned for this week, throwing a wrench in South Korean President Lee Jae-myung’s hopes of holding a summit with US President Donald Trump as soon as possible.
President Donald Trump said on Wednesday his administration will charge Brazil with a 50% tariff on products sent to the U.S. starting August 1 while the Republican leader also expressed support for former Brazilian President Jair Bolsonaro.