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Trump Threatens Higher Tariffs on Japan, South Korea

Trump Threatens Higher Tariffs on Japan, South Korea

Bloomberg5 days ago
US President Donald Trump has unveiled letters that threaten to impose higher tariff rates on key trading partners, including levies of 25% on goods from Japan and South Korea beginning Aug. 1.
Trump also announced 25% rates on Malaysia and Kazakhstan, while South Africa would see a 30% tariff and Laos and Myanmar would face a 40% levy. The nations were the first in what the president promised would be a flurry of unilateral warnings and trade deals announced Monday, two days before agreements are due from trading partners facing his April 2 so-called reciprocal levies. White House Press Secretary Karoline Leavitt said around a dozen countries would receive notifications on Monday, and that additional letters will come shortly.
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