Trump announces a 25% tariff on Japan and South Korea | CNN Business

CNN  — 

President Donald Trump cranked up the pressure Monday on America’s trading partners, firing off letters to heads of several countries, informing them of their new tariff rate.

Japan’s Prime Minister Shigeru Ishiba and South Korea’s President Lee Jae-myung were the first recipients.

Both countries will face a 25% tariff come August 1, Trump said in posts on Truth Social displaying the letters, potentially giving countries more time to negotiate deals. Around two hours later, he announced similar letters were sent to Malaysia, Kazakhstan, South Africa, Myanmar and Laos, informing their leaders

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