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Trump's letters to Japan and South Korea, posted on Truth Social pic
ByAinvest
Monday, Jul 7, 2025 12:26 pm ET1min read
Trump's letters to Japan and South Korea, posted on Truth Social pic
US President Donald Trump has announced that he will send tariff letters to Japan and South Korea, as part of his broader trade strategy. The letters, which are expected to be sent on Monday, July 7, at 12:00 PM (Eastern Time), will outline new tariff rates for goods imported from these countries. This move comes as the 90-day pause on tariffs, which was initially set to end on July 9, is extended to August 1 [1].The tariff letters will detail the new rates, which could potentially be higher than the previously announced 10% base tariff. Trump has suggested that the rates could be as high as 12% or 15% [1]. This announcement follows Trump's earlier comments about the possibility of imposing additional tariffs on countries aligning with the "anti-American policies of BRICS" [3].
The tariff letters are part of a broader effort to renegotiate trade agreements with various countries. Trump has stated that he will send out letters to 100 smaller countries, notifying them that they will face higher tariff rates [1]. The goal is to encourage swift negotiations and agreements.
The tariff letters to Japan and South Korea are likely to have significant implications for global trade. Both countries are major trading partners of the United States, and any increase in tariff rates could lead to higher prices for consumers and potential disruptions in supply chains. Additionally, the letters could signal a shift in US trade policy, potentially leading to further tension with these countries.
As the tariff letters are sent, it will be crucial to monitor the responses from Japan and South Korea, as well as other countries receiving similar notices. The outcome of these negotiations could have a significant impact on global trade dynamics and the stability of financial markets.
References:
[1] https://www.theguardian.com/us-news/2025/jul/06/trump-tariff-delay
[2] https://www.mediaplaynews.com/trump-expands-truth-social-media-streaming-app-globally/
[3] https://www.hindustantimes.com/world-news/donald-trump-decides-on-timing-to-send-first-tariff-letters-on-monday-101751855024494.html
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