US to Implement Basic Tariffs Starting on the 5th
JH Kim
Summary
- US President Donald Trump announced that basic tariffs will be implemented starting on the 5th.
- He stated that a 25% reciprocal tariff will be imposed on South Korea.
- Tariffs of 34%, 24%, and 20% will be applied to China, Japan, and the EU, respectively.
According to NBC on the 2nd (local time), US President Donald Trump signed an executive order on differentiated reciprocal tariffs by country, with basic tariffs set to be imposed from the 5th and country-specific tariffs from the 9th.
Meanwhile, President Trump announced a 25% reciprocal tariff on South Korea. China will face 34%, Japan 24%, and the EU 20%.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.