New Tariffs Announced for Imports from Japan and South Korea Starting August 1st, 2025
The United States will impose a 25% blanket tariff on imports from Japan and South Korea starting August 1, President Donald Trump announced today (July 7, 2025).
Read More:
https://www.reuters.com/world/trump-tariffs-live-us-president-threatens-brics-with-extra-10-levy-2025-07-07/
https://www.cnbc.com/2025/07/07/trump-tariffs-trade-letters-japan.html
President Trump also says the U.S. will impose an additional 10% tariff on any country aligning itself with the “anti-American policies” of the BRICS group of developing nations. BRICS is a group of emerging economies comprising eleven countries: Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Indonesia, Iran, and the United Arab Emirates.
Read More:
https://www.reuters.com/world/china/leaders-growing-brics-group-gather-rio-summit-2025-07-06/
