Trump Announces 25% Tariffs on Japan and South Korea, Impacting Markets

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Source: CNBC
Trump Announces 25% Tariffs on Japan and South Korea, Impacting Markets
Photo: CNBC
TL;DR Summary

President Donald Trump announced new steep tariffs on imports from Japan, South Korea, Malaysia, Kazakhstan, South Africa, Laos, and Myanmar starting August 1, reimposing higher rates after a temporary pause, with market reactions reflecting concern over increased trade tensions.

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