Trump threatens allies Japan, South Korea with 25% tariffs

President Donald Trump threatened Japan and South Korea with 25 percent tariffs Monday, stepping up pressure on the two historical US allies and a dozen other economies to reach trade deals with Washington.

Trump had said at the weekend that starting from Monday he would send a first batch of up to 15 letters to countries, informing them that he would reimpose harsh levies earlier postponed in April.

In near-identically worded letters to the Japanese and South Korean leaders, Trump said the…

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News Source: www.al-monitor.com

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