President Donald Trump speaks with reporters as he departs for Florida from the White House on July 1, 2025. Madalina Kilroy/The Epoch Times
President Donald Trump on July 7 issued letters announcing new tariffs on a slate of countries, set to take effect on Aug. 1, including 25 percent tariffs on Japan and South Korea, as he pressed ahead with unilateral trade measures against nations that have not yet reached agreements with his administration.
In the letters, released on social media platform Truth Social, Trump warned that the tariffs could be increased if the countries raise their own trade barriers or fail to address longstanding trade imbalances with the United States.
