Japan, South Korea scramble
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South Korea's central bank held interest rates steady on Thursday, as policymakers steered a cautious path amid concerns about financial stability risks stemming from rising household debt and economic pressure from U.
Japan faced a 24% tariff rate in April before the tariff pause, while South Korea had a 25% tariff rate applied to its goods. Trump claimed "longterm, and very persistent" trade deficits were the ...
Trump says 25% tariffs coming for Japan and South Korea as trade war escalates again President Donald Trump sent out letters to nations that haven't entered into trade agreements with the U.S ...
The U.S. will impose tariffs of 25% on Japan and South Korea beginning on Aug. 1, President Donald Trump announced on Monday in posts on Truth Social.
The president has already threatened an additional 10% tariff on goods from countries aligning themselves with a bloc of nations that includes China and Russia.