President Trump said Japan and South Korea, two of America’s closest allies, would face tariffs of 25 percent unless the countries reach some kind of trade agreement with the United States. Other countries received notice of higher levies.
President Trump said Japan and South Korea, two of America’s closest allies, would face tariffs of 25 percent unless the countries reach some kind of trade agreement with the United States. Other countries received notice of higher levies.
The president said he had agreed to initial trade terms with Vietnam, the second country to strike a limited deal after Mr. Trump threatened steep tariffs.
U.S. imports from Vietnam have risen since President Trump’s first term, when he imposed hefty tariffs on China and manufacturers started searching for new locations for their overseas factories.
New York Times reporter Ana Swanson reports from the Los Angeles Port, the largest port in the Western Hemisphere as well as the place that first saw the signs of Trump’s tariff war. The Port of Los Angeles is significant because of our trade relationship with China in particular, which is why The Trump administration’s 145% tariffs on the country resulted in lower volume at the port. Ana Swanson explains what the port illustrates about U.S. trade and how what’s felt at the Port of Los Angeles will soon be felt by U.S. consumers.
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