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Cheddar News
  • 5 months ago
President Donald Trump announced a 25% tariff on imports from Japan and South Korea, effective August 1st.
Transcript
00:00President Donald Trump announced a 25% tariff on imports from Japan and South Korea, effective
00:06August 1st, citing trade imbalances and national security concerns. Letters outlining these
00:12tariffs were sent to the leaders of both countries, warning of additional levies if
00:17retaliatory measures are taken in response. The move has caused significant market reactions,
00:23with Japanese stocks dropping over 2% and the Dow Jones Industrial Average in the U.S.
00:28falling nearly 500 points. In response, Japan has expressed strong objections,
00:34calling the tariffs unacceptable and indicating that, quote, all options are being considered.
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