Trump Sends Letter to Japan Outlining 25% Tariff Starting on August 1

In yet another tariff development, President Donald Trump said today that he is sending letters to Japan and South Korea outlining a plan to raise tariffs on imports from both countries to 25% on August 1. The news comes one day after U.S. Treasury Secretary Scott Bessent went on CNN to discuss Trump's latest tariff plans. [Read More]

Jul 8, 2025 - 05:30
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Trump Sends Letter to Japan Outlining 25% Tariff Starting on August 1

An image combining the United States and Japan flags, with the stars and stripes partially merging into the red circle from the Japanese flag on a white background, symbolizing a blend of both nations.

In yet another tariff development, President Donald Trump said today that he is sending letters to Japan and South Korea outlining a plan to raise tariffs on imports from both countries to 25% on August 1. The news comes one day after U.S. Treasury Secretary Scott Bessent went on CNN to discuss Trump's latest tariff plans.

[Read More]