Massive sales on Wall Street intensified following recent comments from President Trump published on his Truth Social profile.

President Trump announced the implementation of a general tariff of 25% on all Japanese imports, effective August 1, 2025. The White House justified the decision by citing the prolonged trade imbalance between the United States and Japan, and warned that products from third countries could also be subject to the new measure. Japanese companies manufacturing within the U.S. will be exempt from these tariffs, although it is warned that possible retaliatory measures from Japan could result in even higher tariffs on American products. Some reports indicate that a letter with similar content was sent to South Korea, suggesting the possibility of a new tariff escalation.

Trump's actions could be part of a negotiation strategy ahead of the imminent end of trade talks. However, this marks a new escalation in trade tensions that the market hoped to avoid. Following the announcement, yields on U.S. Treasury bonds rose across all maturities, the USD/JPY exchange rate surpassed 146.10 with an increase of 1.10%, and the EUR/USD fell below technical levels.