Trump steps up trade wars with 25% tariffs on Japan and South Korea

US president posted copies of letters addressed to leaders of both countries on social mediaDonald Trump unveiled plans to step up his trade wars on Monday, announcing Japan and South Korea will soon face US tariffs of 25% in a significant escalation of his controversial economic strategy.The US president, who indicated that he would notify as many as as 15 countries of new, higher rates on Monday, posted copies of letters addressed to the leaders of Japan and South Korea on social media. Trump said the rates were set to go into effect 1 August. Continue reading...

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