Trump admin live updates: Trump says US will put 25% tariff on Japan, South Korea

Trump admin live updates: Trump says US will put 25% tariff on Japan, South Korea

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  • Trump admin live updates: Trump says US will put 25% tariff on Japan, South Korea</p>

<p>KEVIN SHALVEYJuly 8, 2025 at 12:55 AM</p>

<p>President Donald Trump is scheduled on Monday to welcome Prime Minister Benjamin Netanyahu of Israel to the White House for a state dinner.</p>

<p>The administration is also this week expected to continue tariff negotiations with international trading partners, some of which are scheduled on Monday to receive letters from the administration detailing potential terms, according to Trump.</p>

<p>Latest Developments</p>

<p>Jul 7, 12:54 PMTrump says US will put 25% tariff on Japan, South Korea starting Aug. 1</p>

<p>The U.S. will put in place a 25% tariffs on imports from Japan and South Korea starting on Aug. 1, according to letters posted by President Donald Trump on his social media platform on Monday.Trump wrote to Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung to inform them of the news, citing unfair trade balances."Our relationship, unfortunately, has been far from Reciprocal," the letters read.Trump added in each letter, "We look forward to working with you as a Trading Partner for many years to come. If you wish to open your heretofore closed Trading Markets to the United States, and eliminate your Tariff, and Non Tariff, Policies and Trade Barriers, we will, perhaps, consider an adjustment to this letter."</p>

<p>Jacquelyn Martin/AP - PHOTO: President Donald Trump walks toward the media with Commerce Secretary Howard Lutnick before boarding Air Force One, at Morristown Municipal Airport in Morristown, N.J., July 6, 2025.</p>

<p>Jul 7, 11:36 AMRubio, Witkoff meeting with Netanyahu ahead of Trump dinner</p>

<p>Secretary of State Marco Rubio and Middle East Special Envoy Steve Witkoff are meeting with Prime Minister Benjamin Netanyahu at Blair House on Monday ahead of his dinner with President Donald Trump, a White House official confirmed to ABC News.The meeting comes as Trump has publicly expressed his desire to finalize a ceasefire agreement between Israel and Hamas this week.-ABC News' Lalee Ibssa</p>

<p>Jul 7, 10:12 AMTreasury Secretary Bessent claims several trade announcements coming as deadline looms</p>

<p>As time ticks on President Donald Trump's Wednesday tariff deadline, Treasury Secretary Scott Bessent claimed the administration would be making "several announcements in the next 48 hours.""We are going to have several announcements in the next 48 hours. And Joe, I think what President Trump is concerned about is the quality of the deals, not the quantity, as you could imagine," he said during an appearance on CNBC's Squawk Box.Bessent claimed that his inbox has been full of offers after Trump elevated his threats to re-impose reciprocal tariff rates.</p>

<p>Elizabeth Frantz/Reuters, Files - PHOTO: Treasury Secretary Scott Bessent speaks to reporters at the U.S. Capitol in Washington, June 27, 2025.</p>

<p>But similar to Commerce Secretary Howard Lutnick, Bessent noted that Aug. 1 would be the day when the rates actually go into effect."So it's going to be a busy couple of days," Bessent said. "But importantly too that President Trump has said that they would the countries would not go back to the reciprocal rate until Aug. 1."Asked about the trade letters Trump claims he will be sending to America's trading partners starting on Monday, Bessent called them "standard" letters with an option to continue negotiations. Bessent also previewed a meeting with Chinese officials "in the next couple of weeks" to advance trade talks.</p>

<p>Jul 7, 4:21 AMTrump to host Netanyahu for Monday state dinner</p>

<p>Prime Minister Benjamin Netanyahu of Israel took off late on Sunday for Washington, where President Donald Trump is scheduled to host him Monday for a state dinner.The pair are expected to discuss the Israel-Iran conflict, including the future of Tehran's nuclear program, along with the potential for a ceasefire between Israel and Hamas, according to Netanyahu's office.</p>

<p>Saul Loeb/AFP via Getty Images - PHOTO: In this file photo, President Donald Trump shakes hands with Israeli Prime Minister Benjamin Netanyahu during a meeting in the Oval Office of the White House in Washington, D.C., on April 7, 2025.</p>

<p>Netanyahu in a statement said he would also thank Trump for Washington's "very powerful" involvement with Israel, including Trump's decision to join in strikes on Iran last month."We have never had such a friend in the White House," Netanyahu said. "Our joint involvement brought a great victory over our mutual enemy -- Iran."Netanyahu will also use the visit, which will be his third since Trump took office in January, to meet with members of Congress and administration officials, according to his office.</p>

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