Japan, South Korea and Donald Trump
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Price increases could hit coffee, shoes, appliances and other products following a flurry of tariffs issued by President Donald Trump in recent days, analysts told ABC News.
The Trump administration has again delayed the date when new reciprocal tariffs will go into effect, and the president threatened a 35 percent tariff on Canada.
Trump Always Chickens Out—JPMorgan CEO Jamie Dimon cautioned that investors may be underestimating the risks of relying on past tariff U-turns. UBS’s Paul Donovan reinforced this concern in a note seen by Fortune,
Aside from pockets of volatility in target currencies, stocks or commodities, markets have offered little in the way of reaction to the tariffs onslaught.
The U.S. will impose tariffs of 25% on Japan and South Korea beginning on Aug. 1, President Donald Trump announced on Monday in posts on Truth Social.
The president warned both countries that if they retaliate with their own tariffs, the U.S. would further increase import taxes.
The White House announced Monday that President Donald Trump is slated to sign an order delaying his 90-day tariff pause by another month, after he shared letters informing governments in Japan and South Korea that he’s levying 25% tariffs on their imports to the U.