{"id":36943,"date":"2025-07-07T17:55:10","date_gmt":"2025-07-07T17:55:10","guid":{"rendered":"https:\/\/site.itshrt.com\/worldnews\/trump-announces-25-levies-on-japan-and-south-korea-to-take-effect-august-1\/"},"modified":"2025-07-07T17:55:10","modified_gmt":"2025-07-07T17:55:10","slug":"trump-announces-25-levies-on-japan-and-south-korea-to-take-effect-august-1","status":"publish","type":"post","link":"https:\/\/site.itshrt.com\/worldnews\/trump-announces-25-levies-on-japan-and-south-korea-to-take-effect-august-1\/","title":{"rendered":"Trump announces 25% levies on Japan and South Korea to take effect August 1"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     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class=\"lazyload embed__frame\" data-width=\"1920\" data-height=\"1080\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" id=\"white-house-warns-tariffs-could-come-in-early-august-as-trumps-90-day-pause-nears-end--hero\" title=\"Video: White House warns tariffs could come in early August as Trump's 90-day pause nears end\" data-sort-time=\"1751894026000\" data-update-time=\"1751894026000\"><\/iframe><\/p><\/div>\n<p>          <button class=\"player-overlay__button--icon-close__mobile\" data-target=\"\" aria-label=\"Close sticky player\"><br \/>\n        <svg class=\"player-overlay__button--icon\">\n          <use xlink:href=\"#player-icon-close\"\/>\n        <\/svg><br \/>\n      <\/button><\/p><\/div>\n<\/p><\/div><figcaption class=\"embed__caption-container\">\n                              <a href=\"https:\/\/www.cbsnews.com\/video\/white-house-warns-tariffs-could-come-in-early-august-as-trumps-90-day-pause-nears-end\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\">\n              <use xlink:href=\"#icon-video\"\/>\n            <\/svg><br \/>\n          <\/span><\/p>\n<p>          <span class=\"embed__headline\">White House warns tariffs could come in early August as Trump&#8217;s 90-day pause nears end<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">03:42<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<section class=\"content__body\">\n<p>President Trump on Monday said 25% tariffs on goods from South Korea and Japan will go into effect on August 1.\u00a0<\/p>\n<p>Mr. Trump <a href=\"https:\/\/truthsocial.com\/@realDonaldTrump\" target=\"_blank\" rel=\"nofollow noopener\">posted<\/a> nearly identical letters to the two nations&#8217; respective leaders on his Truth Social media platform Monday, indicating that the levies will take effect on the first day of August. That&#8217;s a later date than July 9, which is when the president&#8217;s 90-day pause on so-called reciprocal tariffs would have expired.\u00a0<\/p>\n<p>Mr. Trump said in each memo that the letter &#8220;demonstrates the strength and commitment of our Trading Relationship,&#8221; and that &#8220;we invite you to participate in the extraordinary Economy of the United States.&#8221;<\/p>\n<p>The 25% levies apply to &#8220;any and all Japanese products sent into the United States, separate from all Sectoral Tariffs,&#8221; Mr. Trump added in his letter to Japanese Prime Minister Shigeru Ishiba.\u00a0<\/p>\n<p>He also warned that if either South Korea or Japan raises tariffs on the U.S., the U.S. would reciprocate by adding such figure to the 25% baseline rate.\u00a0<\/p>\n<p>Trade policy expert Barry Appleton told CBS MoneyWatch that Monday&#8217;s announcements &#8220;are simply indications that he is making them pay full admission price to access the U.S. market.&#8221;<\/p>\n<p>&#8220;At 25%, it is possible, but challenging, to trade with Japan and Korea. This rate was carefully set at the higher side of the spectrum. In essence trade with the U.S. now is a pay to play proposition for Japan, Korea and likely others to come,&#8221; he said.\u00a0<\/p>\n<p>Appleton added that the country-specific rates announced Monday do note bode well for other nations looking to strike deals with the U.S., including EU countries, Canada, and Switzerland.<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p>    <!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/megan-cerullo\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Megan  Cerullo<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24\/7 to discuss her reporting.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/section><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-6606220950177433\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- ItShrt World News -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-6606220950177433\"\r\n     data-ad-slot=\"1882483372\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/trump-japan-korea-tariffs-august-1\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>White House warns about tariff roll out White House warns tariffs could come in early August as Trump&#8217;s 90-day pause<\/p>\n","protected":false},"author":1,"featured_media":36944,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[],"class_list":["post-36943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-money-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump announces 25% levies on Japan and South Korea to take effect August 1 - World News<\/title>\n<meta name=\"description\" content=\"The higher tariffs are set to go into effect August 1, which is a later than July 9, the date when the president&amp;#039;s 90-day pause on so-called reciprocal tariffs would have expired.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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