Donald Trump says he will strike Japan and South Korea by 25 % of the customs tariff

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Donald Trump said that he would impose 25 percent on goods imports from Japan and South Korea, in an advertisement that sent us the sliding stocks.

The president said on Monday that the new fees for both countries will enter into force on August 1 – which is likely to offer nations an additional time to conclude a deal with the United States.

advertisement tariff The rates come before the deadline on July 9, when the so -called “mutual” “mutual” fees are set to find work after a partial suspension for 90 days.

Trump caused a global defeat in the stock market on April 2 this year when it unveiled a 50 percent comprehensive tariff for most trade partners in the United States, including 24 percent on imports from Japan and 25 percent on imports from South Korea.

Fresh definitions in Japan and South Korea are close to Trump’s original tariffs on the Asian countries.

In messages published on the social truth platform, Trump said that the trade deficit of American goods with both countries was “a major threat to our economy and indeed our national security.”

In the messages, directed to Shigro Eishiba, Japanese Prime Minister, and Lee Jay Meong, South Korea, Trump added that if any of the countries increased the identification of revenge, “then, regardless of the number you choose to raise them, it will be added to the 25 percent that we impose.”

However, indicating that the proposed definitions can be negotiated, he also said that if the two countries opened their markets “we will consider the amendment.

The S&P 500 fell to its lowest levels after the announcement, leaving about 0.9 percent. The Japanese and Korean yen won the early 1.1 percent circulation against the dollar.

Trump has escalated his speech against Tokyo in recent weeks, as he made the decisive American trade partner and attacked him as “spoiled” because he refused to buy more American rice.

The US Treasury Secretary said on Sunday that the customs tariff for imports from some countries will return to the high levels of April, unless it is rapidly made concessions and wandered with Washington.

Speaking to CNN, he said that Trump would reach the countries that failed to reach agreements with the United States that the high fees on their imports will enter next month.

Bessent said: “I will not give up the playing book. We will be very busy within the next 72 hours,” Bessent said.