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Trump tariffs raise the specter of sharper economic downturn for South Korea and Japan
While South Korean imports to the U.S. face 25% tariffs, the same as Trump promised in April, the rate on Japan has been raised by 1 percentage point to 25%.
Trump sets 25% tariffs on Japan and South Korea, and new import taxes on 12 other nations
President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.
The Business Times1h
Japan’s carmakers slash export prices to US to offset tariff hit
TOKYO] Japan’s automakers slashed the price of products exported to the US at a record pace, in a sign that companies are sacrificing profits to remain competitive as US President Donald Trump’s tariffs hit cars.
Japan And Korea Will Push For Lower U.S. Tariffs Given The Extension Of Negotiations
The US sets reciprocal tariffs of 25% for Japan and South Korea. Both countries vowed to accelerate negotiations within three weeks.
Japan says new US tariffs will have an impact on domestic industries, employment
Japanese Prime Minister Shigeru Ishiba on Tuesday said US-imposed tariffs on Japanese imports would have an impact on the country, but added that negotiations would continue.
Trump unveils 25% tariffs on South Korea and Japan, nearly identical to his 'Liberation Day' rates
President Trump announced 25% duties on both South Korea and Japan. The new rates — which aren’t scheduled to take effect until Aug. 1 — track closely with the rates the president first announced on "Liberation Day" in April.
Japan calls Trump's latest tariff salvo 'regrettable' as nations scramble to deal with fresh deadline
Japanese Prime Minister Shigeru Ishiba said the latest tariff announcement was "truly regrettable." South Korean leaders vowed to accelerate tariff negotiations with the Trump administration to resolve trade uncertainties.
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