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

president Donald Trump announced on Monday that the United States will impose a 25 % tariff on goods imported from Japan and South Korea.

Trump shared messages addressed to Japanese Prime Minister Shigro Ishiba and South Korean President Lee Jay Meong in sites on social truth.

Trump said in his letters that the new drawings would be valid on August 1.

Trump urged to confront South Korea on the technical regulations that target us, and to spare China

Japanese Prime Minister Shigro Ishiba speaks at a press conference in Tokyo, Japan. | Gety pictures

The stock reaction to the advertisement, as the Dow Jones industrial average decreased more than 500 points, or 1.1 %, with the session decreased while the S&P 500 and NASDAQ index decreased by 0.9 %.

Trump’s messages said that it is a great honor to send you this message in that it clarifies the strength and commitment of our commercial relationship, and that the United States agreed to continue working with Japan and South Korea “despite the presence of a major trade deficit with each country.

The definitions will return to April level

“However, we decided to move forward with you, but only with a more balanced and fair trade. Therefore, we invite you to participate in the extraordinary economy of the United States, the world’s first market, to a large extent,” Trump wrote.

He went on to tell Japan and South Korea that “there will be no tariff” if companies in those countries decide to build or manufacture a product within the United States, and in fact, we will do our best to obtain approvals quickly, demanding, and documented – in other words, within weeks.

Trump shared messages addressed to Japanese Prime Minister Shigro Ishiba and South Korean President Lee Jay Meong in sites on social truth. (Tasos Katopodis / Getty Images / Getty Images)

“We look forward to working with you as a commercial partner for many years,” Trump added. “

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“These definitions may be modified, up or down, depending on our relationship with your country. You will never be disappointed with the United States of America,” Trump wrote.

In April, Trump announced the “mutual” tariff policy under which the American tariff depends on goods imported from foreign countries on the volume of bilateral trade deficit in America with those countries.

In April, Trump announced the “mutual tariff” policy during an event called “Liberation Day”. (Chip Somodevilla / Getty Images / Getty Images)

According to the mutual tariff announced at the event of the so-called “Liberation Day”, imports from Japan will face a 24 % tariff while goods from South Korea will get a 24 % tariff-numbers largely in line with the tariff announced by the president by 25 % in his messages.