Donald Trump announced new tariffs on foreign imports. These tariffs will be effective from August 1, 2025. He stated no further extensions would be granted. Letters outlining tariffs have been sent to various countries. These countries include Japan, South Korea and others. The tariffs range from 25 to 40 percent. This is unless trade deals are reached before the deadline. Donald Trump announced new tariffs on foreign imports. These tariffs will be effective from August 1, 2025. He stated no further extensions would be granted. Letters outlining tariffs have been sent to various countries. These countries include Japan, South Korea and others. The tariffs range from 25 to 40 percent. This is unless trade deals are reached before the deadline.
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