President Donald Trump announced a 25% tax on imports from Japan and South Korea, along with new tariffs on other nations, effective August 1. He warned leaders against retaliatory tariffs, suggesting further increases if they do. While Trump believes these tariffs will boost domestic manufacturing and fund tax cuts, concerns about economic growth and recession are rising. Negotiations are ongoing, with South Korea's Trade Ministry seeking a mutually beneficial deal. The tariffs have prompted market worries, and Trump's authority to impose them is under legal challenge. The situation reflects ongoing tensions in international trade, particularly with China. Teljes cikk (Euronews.com)