BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home FINANCE

Trump Announces 25% Tariffs Against Japan and South Korea: Here is What We Know

by Sham
July 7, 2025
in FINANCE, OPINION, POLITICS
Reading Time: 3 mins read
A A
2
SHARES
29
VIEWS
Share on XShare in TelegramShare on Reddit
  • Trump announces 25% blanket tariffs on all Japanese and South Korean imports, effective August 1, via letters posted on Truth Social.
  • Markets react with sharp losses, with the Dow falling 447 points and the S&P 500 and Nasdaq also down amid renewed trade war fears.
  • Tariffs are justified by Trump as a response to trade deficits, despite widespread criticism from

In a move that’s already rattling global markets, former President Donald Trump announced Monday that the United States will impose 25% blanket tariffs on all imports from Japan and South Korea starting August 1. The decision was revealed via screenshots of formal letters posted to Trump’s Truth Social account, addressed to Japanese Prime Minister Ishiba Shigeru and South Korean President Lee Jae-myung.

JUST IN: 🇺🇸 Trump confirms the U.S. will charge Japan with 25% tariffs starting August 1st pic.twitter.com/ViKxP7olqm

— BlockNews (@blocknewsdotcom) July 7, 2025

Tariffs Separate from Sector-Specific Duties

The letters clarified that the 25% blanket tariffs will be enforced independently of any additional sector-specific duties, signaling that further economic pressure could be coming to specific industries. Trump’s message also emphasized a crackdown on “transshipping”—the practice of routing goods through third countries to avoid tariffs—with a warning that such tactics would be met with the higher tariff rate.

The decision appears to be part of a larger wave of renewed “reciprocal tariffs” expected to roll out between July 8 and July 10, potentially targeting over a dozen countries.

U.S. Markets Dip on Tariff News

Wall Street did not take the news lightly. U.S. financial markets fell to session lows following the announcement. The Dow Jones Industrial Average dropped 447 points (1%), while the S&P 500 and Nasdaq Composite slid 0.8% and 0.9%, respectively. The tariffs add fresh uncertainty to an already delicate global trade landscape and could reignite geopolitical tensions between key U.S. allies and the White House.

Donald J. Trump Truth Social 07.07.25 12:19 PM EST pic.twitter.com/v3lWgeNX07

— Commentary Donald J. Trump Posts From Truth Social (@TrumpDailyPosts) July 7, 2025

Trade Deficit Rationale Under Scrutiny

Trump’s justification for the tariffs centers around correcting the persistent U.S. trade deficits with Japan and South Korea—$68.5 billion and $66 billion, respectively, in 2024. Trump has long argued that these imbalances reflect unfair trade practices, though many economists dispute that narrative. They note that trade deficits are not inherently harmful and often reflect broader economic factors such as consumer demand and capital flows.

Tags: Donald TrumpIshiba ShigeruLee Jae-myungreciprocal tariffstariff
Tweet1ShareShare
Previous Post

HBAR Inches Up—but It’s a Fragile Climb for Now

Next Post

TRUMP Memecoin Moving to TRON: Here is Why

DON'T MISS THESE! HOT OFF THE PRESS

What is Avalanche? Could AVAX be the Best Crypto Buy of 2025?
CRYPTO

What is Avalanche? Could AVAX be the Best Crypto Buy of 2025?

July 7, 2025
U.S. DOJ Officially Closes Epstein Case, Will Not Release Additional Information: Here is Why
OPINION

U.S. DOJ Officially Closes Epstein Case, Will Not Release Additional Information: Here is Why

July 7, 2025
U.S. Government Transfers $218,000 Worth of ETH to Coinbase Prime: Should You Be Worried
CRYPTO

U.S. Government Transfers $218,000 Worth of ETH to Coinbase Prime: Should You Be Worried

July 7, 2025
TRUMP Memecoin Moving to TRON: Here is Why
CRYPTO

TRUMP Memecoin Moving to TRON: Here is Why

July 7, 2025
HBAR Inches Up—but It’s a Fragile Climb for Now
CRYPTO

HBAR Inches Up—but It’s a Fragile Climb for Now

July 7, 2025
Trump’s Latest “Beautiful Bill” Might Be More Than It Seems — Ripple and Stellar in the Spotlight
CRYPTO

Trump’s Latest “Beautiful Bill” Might Be More Than It Seems — Ripple and Stellar in the Spotlight

July 7, 2025
Load More

Related News

What is Avalanche? Could AVAX be the Best Crypto Buy of 2025?

What is Avalanche? Could AVAX be the Best Crypto Buy of 2025?

July 7, 2025
U.S. DOJ Officially Closes Epstein Case, Will Not Release Additional Information: Here is Why

U.S. DOJ Officially Closes Epstein Case, Will Not Release Additional Information: Here is Why

July 7, 2025
U.S. Government Transfers $218,000 Worth of ETH to Coinbase Prime: Should You Be Worried

U.S. Government Transfers $218,000 Worth of ETH to Coinbase Prime: Should You Be Worried

July 7, 2025
TRUMP Memecoin Moving to TRON: Here is Why

TRUMP Memecoin Moving to TRON: Here is Why

July 7, 2025
Trump Announces 25% Tariffs Against Japan and South Korea: Here is What We Know

Trump Announces 25% Tariffs Against Japan and South Korea: Here is What We Know

July 7, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.