Donald Trump announces 25% tariffs on Japan and South Korea in letters released on social media – US politics live | Trump administration


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Trump announces 25% tariffs on Japan, South Korea

Donald Trump has released letters to the leaders of Japan and South Korea, announcing new 25% tariffs on both nations’ exports to the United States and higher levies on goods transshipped through the countries.

The letters appear to be the first that administration officials planned to release today outlining new tariffs on major trading partners.

The letters to Japan’s prime minister Ishiba Shigeru and South Korean president Lee Jae Myung are very similar. Here’s what Trump wrote to Shigeru and posted on Truth Social:

We have had years to discuss our Trading Relationship with Japan, and have concluded that we must move away from these longterm, and very persistent, Trade Deficits engendered by Japan’s Tariff, and Non Tariff, Policies and Trade Barriers. Our relationship has been, unfortunately, far from Reciprocal. Starting on August 1, 2025, we will charge Japan a Tariff of only 25% on any and all Japanese products sent into the United States, separate from all Sectoral Tariffs. Goods transshipped to evade a higher Tariff will be subject to that higher Tariff. Please understand that the 25% number is far less than what is needed to eliminate the Trade Deficit disparity we have with your Country. As you are aware, there will be no Tariff if Japan, or companies within your Country, decide to build or manufacture product within the United States and, in fact, we will do everything possible to get approvals quickly, professionally, and routinely - In other words, in a matter of weeks.

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European ambassadors briefed on draft US trade deal

Lisa O'Carroll
Lisa O'Carroll

EU ambassadors are currently being briefed about the draft framework deal that seems to have been agreed over the weekend with the Trump administration.

It will extend the period of negotiation, avoiding the threatened 50% tariffs on exports, but mean Trump’s blanket 10% tariff will stay.

Ireland’s prime minister says the deal is about creating a “stable space” for further negotiations.

The taoiseach Micheál Martin said such a high level agreement would avoid retaliatory measures and escalation of a trade war.

It “would leave space for further discussions” he said adding it would create “a deal of clarity”.

The prime minister was speaking after a call with European Commission Ursula von der Leyen on Monday morning, European time.

A diplomatic source said the deal is “far from ideal”, but it means that the EU can now try and “control the controllable”.

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Posted: 2025-07-07 18:17:45

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