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President Trump modifies tariffs, starting August 1
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Japan, South Korea Face 25% Tariffs as Trump Ramps Up Trade War in Letters to 14 Nations
By Jeff Mason, Bart H. Meijer and David Brunnstrom
July 8, 2025 2:50 AM EDT Updated 5 hours ago
Excerpted from Reuters, https://www.reuters.com/world/eus-von-der-leyen-had-good-exchange-with-trump-over-phone-commission-says-2025-07-07/
WASHINGTON/BRUSSELS, July 7 (Reuters) – U.S. President Donald Trump on Monday ramped up his trade war telling 14 nations, from powerhouse suppliers such as Japan and South Korea to minor trade players, that they now face sharply higher tariffs from a new deadline of August 1.
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Extending the Modification of the Reciprocal Tariff Rates
from: whitehouse.gov
Sec. 2. Tariff Modifications. The Harmonized Tariff Schedule of the United States (HTSUS) shall be modified, effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on July 9, 2025, by suspending headings 9903.01.43 through 9903.01.62 and 9903.01.64 through 9903.01.76, and subdivisions (v)(xiii)(1)-(9) and (11)-(57) of U.S. note 2 to subchapter III of chapter 99 of the HTSUS, until 12:01 a.m. eastern daylight time on August 1, 2025.
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