https://www.taxtmi.com/news?id=48702 Presidential action imposes a 25 per cent import tariff on goods from Japan and South Korea, effective August 1, to address persistent trade imbalances and targets the auto and electronics sectors. The announcement conditions further tariff escalation on foreign retaliation, stating that any tariff increases by those countries will be added to the imposed tariff, and was communicated by public letters to their leaders as notice and deterrent while asserting strategic trade aims. en-us Mon, 07 Jul 2025 22:31:03 +0530 Mon, 07 Jul 2025 22:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=48702 Presidential action imposes a 25 per cent import tariff on goods from Japan and South Korea, effective August 1, to address persistent trade imbalances and targets the auto and electronics sectors. The announcement conditions further tariff escalation on foreign retaliation, stating that any tariff increases by those countries will be added to the imposed tariff, and was communicated by public letters to their leaders as notice and deterrent while asserting strategic trade aims. News - Mon, 07 Jul 2025 22:31:03 +0530 https://www.taxtmi.com/news?id=48702