President Trump is ramping up his tariffs fight with many nations, including key allies. The Trump administration has released letters informing Japan and South Korea that their goods will be taxed at 25% starting on August 1st. In the letters, the president warned that the U-S will tack on another 25 percent if they retaliate. […]
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Trump announces tariff rates, reigniting global trade war
President Trump is ramping up his tariffs fight with many nations, including key allies. The Trump administration has released letters informing Japan and South Korea that their goods will be taxed at 25% starting on August 1st. In the letters, the president warned that the U-S will tack on another 25 percent if they retaliate. He also announced new tariffs on a dozen other countries, with the promise of more to come.