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President Trump will impose 25% tariffs on Japan and South Korea starting August 1 due to stalled trade negotiations, with similar tariffs announced for Malaysia, Kazakhstan, South Africa, Laos, and Myanmar. While the EU aims for a trade deal by the July 9 deadline, Trump threatens a 17% tariff on EU agriculture exports, adding pressure as discussions continue.
Explain It To Me Like I’m 5:
Trump’s New Tariffs
President Trump is going to charge extra money, called tariffs, on goods coming from Japan and South Korea starting August 1, because he wants them to trade more fairly with the U.S.
