President Donald Trump said on Monday the U.S. would impose a 25% tariff on imports from Japan and South Korea beginning Aug. 1 as he unveiled the first two of an expected 12 letters to trading partners outlining the new levies they face, APA reports citing Reuters.
"If for any reason you decide to raise your Tariffs, then, whatever the number you choose to raise them by, will be added onto the 25 percent that we charge," Trump said in letters to the leaders of the two Asian countries, which he posted on his Truth Social platform.
Later, Trump also announced the U.S. will impose 25 percent tariffs on Malaysia and Kazakhstan, 30% on South Africa and 40% on Laos and Myanmar.
