#TrumpTariffs Trump announces a 25% tariff on Japan and South Korea: Here's what we know

Former President Donald Trump issued an important announcement regarding international trade, declaring a significant 25% tariff on imports from Japan and South Korea. This decision, aimed at addressing trade imbalances and protecting American industries, has sparked considerable debate and concern among economists and policymakers alike. In this article, we will delve into the details of Trump's announcement, examine the potential effects of these tariffs, the industries that may be affected, and the broader context of trade relations between the United States and Japan, and the United States and South Korea. Here's what we know so far about this evolving situation and its potential impacts on both countries and the global economy as a whole.