Donald Trump has slapped 25% tariffs on Japan and South Korea, warning both nations to “build in the USA or pay up.” With a July 9 deadline looming, Trump’s letters threaten even steeper tariffs if Tokyo or Seoul retaliate or refuse trade deals.
He blames long-standing U.S. trade deficits on “unfair policies.” Investors reacted sharply—Nissan shares tumbled over 7%.
As tariff tensions rise, Trump promises fast-track approvals for companies shifting production to the U.S., intensifying global trade war fears.
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