#TrumpTariffs Donald Trump announced on July 7, 2025 that starting August 1, the U.S. will impose 25 % tariffs on imports from Japan and South Korea, as detailed in letters sent to their leaders via his platform . The move could prompt retaliation, prompting Trump to warn any new tariffs would be added on top . Wall Street responded immediately: the Dow dropped about 1 %, the S&P 500 and Nasdaq both fell on investor worries . With a July 9 deadline for deals, Trump’s strategy mixes pressure with opportunity—and global trade is bracing. #TrumpTarrifs