U.S. Heavyweight Tariff Letter Released: Starting August 1, a 25% tariff will be imposed on all goods exported to the U.S. from Japan and South Korea!
This decision immediately triggered turbulence in the financial markets, with related sectors suffering heavy blows.
The Trump administration has set up a dynamic adjustment mechanism:
Possible reduction: If Japan and South Korea expand market access and lift trade barriers, the U.S. may lower tariffs.
Risk of increase: If Japan and South Korea take retaliatory tariff measures, the U.S. will raise the tax rate to above 25%
