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US delays higher tariffs but announces new taxes for some countries
President Donald Trump has officially delayed imposing higher tariffs on US imports, while sending letters to 14 countries including Japan and South Korea detailing the levies they face. The latest development comes as a 90-day pause the White House placed on some of its most aggressive import taxes was set to expire this week.
South Korea presidential adviser, Rubio agree to intensify talks on trade, alliance, Seoul says
The US is South Korea’s second-largest export destination after China. Read more at straitstimes.com. Read more at straitstimes.com.
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Trump’s new tariffs: Who is hit, what’s next, how is the world responding?
United States President Donald Trump on Monday extended a pause on his sweeping reciprocal tariffs to August 1, while also sending “tariff letters” to some countries, warning they would be subject to new tariff rates if they failed to reach a trade deal with the US by the new deadline.
Japan And Korea Will Push For Lower U.S. Tariffs Given The Extension Of Negotiations
The US sets reciprocal tariffs of 25% for Japan and South Korea. Both countries vowed to accelerate negotiations within three weeks.
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