๐งพ US Imposes 25โฏ% 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 25โฏ% tariffs will hit all imports from Japan and South Korea starting August 1, citing deep trade imbalances . Other countriesโincluding Malaysia, Kazakhstan, Tunisiaโface duties from 25โฏ% up to 40โฏ% .
The surprise๐ฒ move sent U.S. stocks sliding (~0.8โฏ%), 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 tariffโinduced price increases. Watch for sharper swings if negotiations stall approaching the August 1 deadline.
