Trump notifies South Korea of 25% reciprocal tariffs starting August 1
U.S. President Donald Trump has notified South Korean President Lee Jae-myung that the United States will impose a 25% reciprocal tariff on all South Korean products beginning August 1, citing an “unbalanced trade relationship.” In a letter disclosed on July 7, Trump warned that additional tariffs could be levied if South Korea retaliates or reroutes exports..