๐Ÿงพ US Imposes 25โ€ฏ% Tariffs on Japan & South Korea โ€” Trump Ramps Up Trade War

On July 7, 2025, former President Donald Trump formally issued notices to 14 nations that 25โ€ฏ% tariffs will hit all imports from Japan and South Korea starting August 1, citing deep trade imbalances . Other countriesโ€”including Malaysia, Kazakhstan, Tunisiaโ€”face duties from 25โ€ฏ% up to 40โ€ฏ% .

The surprise๐Ÿ˜ฒ move sent U.S. stocks sliding (~0.8โ€ฏ%), briefly pressuring Bitcoin, which hovered near $108K, while gold and the dollar found safe-haven bids . Crypto markets remain volatile, with traders now eyeing potential inflationary ripple effects from tariffโ€‘induced price increases. Watch for sharper swings if negotiations stall approaching the August 1 deadline.

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