WASHINGTON — President Donald Trump on Monday positioned a 25% tax on items imported from Japan and South Korea, citing persistent commerce imbalances with the 2 essential U.S. allies in Asia.
Trump supplied discover of the tariffs to start on Aug. 1 by posting letters on Fact Social that have been addressed to the leaders of each nations. The letters warned each nations to not retaliate by growing their very own import taxes, or else the Trump administration would enhance import taxes that would harm the auto and electronics sectors of Japan and South Korea, two essential companions for the U.S. in countering China’s affect.
“If for any purpose you resolve to boost your Tariffs, then, regardless of the quantity you select to boost them by, will likely be added onto the 25% that we cost,” Trump wrote within the letters to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung.
