<ul data-eligibleForWebStory="false"><li>The Trump administration has imposed 25% tariffs on Japan and South Korea effective August 1, 2025, over perceived trade imbalances.</li><li>Formal letters were sent to Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae-myung detailing the decision.</li><li>The tariffs cover all products from both countries and are separate from existing sectoral tariffs, with the U.S. citing trade deficits as the rationale.</li><li>Any retaliatory increase in tariffs by Japan or South Korea will result in an equivalent additional increase from the United States, but an option for companies to avoid the tariffs is also provided through manufacturing in the U.S.</li></ul>

Trump Administration Slaps 25% Tariffs on Japan and South Korea Over Trade Imbalance

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