Trump slapped a new tariff for Japan, South Korea, and others with the suspension of commercial talks star-news.press/wp

President Donald Trump said on Monday that South Korea and Japan will undergo 25 % losses starting from August 1, and informed them unilaterally of the new fees in the messages he posted on social media with a commercial date approaching July 9. Other countries have also received new imports of import taxes on their products.

In recent days, the Trump administration has indicated that commercial partners will receive official messages to set tariff prices if they wanted to keep reaching the American markets. South Korea and Japan It was the first in the list.

“We invite you to participate in the extraordinary economy of the United States, the number one market in the world,” Trump wrote.

“We will impose fees on Japan by only 25 % on any Japanese products sent to the United States, separate from the sectoral tariffs,” the letter told Japanese Prime Minister Ishiba Chigro. The sectoral tariffs indicate the separate import taxes imposed by Trump on steel, aluminum and cars. A identical language appeared in a letter addressed to South Korean President Lee Jay Meong.

Trump has posted more messages during the afternoon on the social truth, his position on social media. He threatened to follow up on a severe tariff on Malaysia, Kazakhstan, South Africa, Laos and Myanmar in a similar schedule on August 1.

The shares with the addition of ads decreased to the uncertainty in the trade war that started during the weekend, with Trump settled threats against countries in the BRICS bloc – a group of emerging economies led by Brazil, Russia, China, China and South Africa.

Dow Jones 422 points on Monday, or about 1 %. S&P 500 and NASDAQ decreased by 1 %. However, stocks remain close to their highest levels, despite the inception of hurting trafficking.

After closing the financial markets, Trump published other messages bearing threats of punitive definitions on Bosnia, Thailand, Cambodia, Serbia, Bangladesh, Indonesia and Tunisia. Most of them are closely in line with the original mutual tariff prices announced in early April, which ranges from 25 % to 40 % on commercial partners.

Despite the wave of messages, there does not seem to be anything in the stone. Trump left the door open to countries to negotiate its way out of the definitions. “These definitions may be modified, up or down, depending on our relationship with your country.”

South Korea has already has a free trade agreement with the United States, which was first signed by then President George W. Bush and was later implemented under the Obama administration. Trump signed an agreement to update the trading arrangements modest with South Korea – and Japan also – during his first term.

The messages are promoted to acknowledging that mutual definitions will not retract commercial partners until August as soon as possible. Trump’s first attempt to mutual tariffs, announced by “Tahrir’s Day”, continued for a week, and the White House stopped them a week later and resorted to negotiations that resulted in limited progress so far.

White House press secretary Caroline Levit said that dozens of foreign leaders are to receive messages from Trump’s details of future definitions. According to what was reported, dozens will come out in the coming days and weeks.

“We have seen many positive developments in the right direction, but the administration, the president and his commercial team want to reduce the best deals for the American people and the American worker,” Levitte said at a press conference on Monday.

Scott Lincicome, a commercial expert at the Cato Liberation Institute, Books on x There was no “incentive” for South Korea or other countries to negotiate commercial deals if it could be retracted in Trump’s removal. For Brexes, Trump may try to divide and oppress.

“This introductory threat is possible to push a wedge inside the Brexes,” said Jacob Jinsen, a trade expert at the American Labor Forum. “Countries like India may tend towards the United States and try to get away from the Brexes, while countries like China, which is a major member of the Brexes, may say” Well, we will accept 10 %. “

Ginger I was able to do so Moving a 10 % tariff for the BRICS and 12 alignment countries will add $ 50 billion in the annual costs of American companies and consumers.