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US to impose 25% tariffs on Japan, South Korea on Aug. 1

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President Donald Trump introduced on Monday that the US will impose 25% charges for items imported from Japan and South Korea.

Trump shared letters addressed to Japanese Prime Minister Shigeru Ishiba and the South Korean President Lee Jae Myung in posts about Reality Social.

The brand new taxes will take impact on August 1.

Shares responded to the announcement, wherein the commercial common of Dow Jones fell greater than 500 factors, or 1.1%, whereas the S&P 500 and the Nasdaq composite every fell by 0.9%.

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