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President Trump said Japan and South Korea, two of America's closest allies, would face tariffs of 25 percent unless the countries reach some kind of trade agreement with the United States. Other countries received notice of higher levies.
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Dow slides more than 400 points Monday as new Trump tariffs incite sell-off: Live updates CNBCStocks drop after Trump announces tariffs on countries including Japan and South Korea CNNTrump's new tariff letters could put stock market optimism to the test CNBCStock market today: Dow, S&P 500, Nasdaq futures fall as Trump warns of 10% BRICS tariff, deals deadline looms Yahoo F
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President Donald Trump on Monday placed a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on Malaysia, Kazakhstan, South Africa, Laos and Myanmar.
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Financial markets are on edge about higher import taxes, but White House officials say they anticipate "a lot of deals very quickly."
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President Donald Trump sent out tariff letters to U.S. trading partners on Monday as he had promised, starting with missives to Japan and South Korea before targeting Malaysia, South Africa and other countries.
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Donald Trump extends deadline for ‘reciprocal' tariffs to August 1 Financial TimesTrump administration teases more trade deals, but shifting tariff deadlines raise new questions CNBCTrump Keeps Foreign Countries on Edge as Tariff Deadline Nears The New York TimesTrump team moves goalposts on tariffs again Politico
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President Trump posted the letters to country leaders — including of Japan and South Korea — on social media, informing them of the new rates. The White House expects about 14 letters to go out today.
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The S&P 500 was suggestion stocks were overbought before tariff jitters triggered a retreat Monday.
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‘Irresponsible' Trump Tariff Threat Draws Ire of BRICS Host Lula Bloomberg.comTrump Threatens Tariffs on Countries Aligned With BRICS Nations The New York TimesTrump threatens extra 10% tariff on countries that align with 'Anti-American' BRICS policies CNBCLula tells Trump world does not want 'emperor' after US threatens BRICS tariff Reuters
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Brics summit in Brazil tries to reinvent collective approach to world's problems | Jonathan Watts The GuardianBRICS condemns US tariff plans without naming Trump AP NewsPutin says that globalisation is obsolete and the future belongs to emerging markets ReutersPlenary session of the 17th BRICS Summit ????????? ??????BRICS Leaders Condemn Attacks on Iran, Tell Israel to Leave Gaza Bloomberg
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Stock markets are up and tax cuts are coming for some, but consumer spending is slowing and the full effects of tariffs have not yet hit.
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U.S. stocks closed at an all-time high Friday, another milestone in the market's remarkable recovery from a springtime plunge caused by fears that the Trump administration's trade policies could harm the economy.
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