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Trump hits Japan, South Korea with 25 per cent tariffs as trade war escalates, markets react, countr…

July 8, 2025

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US President Donald Trump says the US will impose a 25 per cent tariff on imports from Japan and South Korea beginning August 1 as he unveiled the first two of what he has said will be a wave of letters to trading partners outlining the new levies they face.

Mr Trump also announced the US will…

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