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US imposes 25% tariffs on imports from Japan, S’Korea, others

United States President Donald Trump revealed Monday that imports from at least seven countries will face significantly higher blanket tariffs starting August 1, marking a return to his aggressive trade policies.

The announcement, made via a series of social media posts, included screenshots of signed letters addressed to the leaders of Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, and Myanmar, detailing the new tariff rates for each nation.

The move reinstates the so-called “reciprocal tariffs” initially set on April 2, which had assigned a 24% tariff on Japanese imports and a 25% tariff on South Korean imports, among others.

Following global market turmoil, Trump had paused these rates on April 9, reducing them to a flat 10% for 90 days.

The new letters signal a return to the original, higher rates, with Japan and South Korea again facing 24% and 25% tariffs, respectively.

The letters also note that these tariffs are separate from additional sector-specific duties on key product categories.

White House Press Secretary Karoline Leavitt confirmed that 14 such letters were dispatched Monday, with more expected in the coming days.

She added that President Trump plans to sign an executive order delaying the original Wednesday deadline for the tariff hikes until August 1, providing a brief reprieve for affected nations and businesses.

The reinstatement of these tariffs is likely to ripple through global markets, which had already experienced significant volatility following Trump’s April announcement.

Analysts warn that the higher duties could increase costs for U.S. consumers and strain trade relations with key partners, particularly Japan and South Korea, two of the United States’ largest trading partners.

The White House has yet to release further details on the additional countries targeted or the specific sectors facing extra duties.

The letters also state, “Goods transshipped to evade a higher tariff will be subject to that higher tariff.”

In this context, transshipping refers to the tactic of routing goods through a third country before sending them to the U.S., as a way to avoid paying higher tariffs.

 

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