Translation. Region: Russian Federal
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
NEW YORK, July 7 (Xinhua) — U.S. President Donald Trump said on social media on Monday that import duties of 25 percent will be imposed on goods from Japan and the Republic of Korea (ROK) starting Aug. 1.
In letters addressed to the President of the Republic of Korea and the Prime Minister of Japan, published on the social network Truth Social, D. Trump noted that the new tariff will be separate from all other industry duties.
In nearly identical letters, the American leader wrote: “Please understand that a rate of 25 percent is significantly less than what is required to eliminate the trade deficit we have with your country.”
D. Trump warned that if the two countries respond by raising their tariffs, the United States will also increase its own proportionally.
"As you know, there will be no tariffs if Korea or companies in your country decide to build or manufacture products in the United States. In fact, we will do everything we can to get approvals quickly, professionally, and efficiently — in other words, within weeks," Trump wrote in one of the letters.
The US president had previously indicated that he would send similar letters to about a dozen countries on Monday. –0–
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