Trump announces 25-40 pct tariffs on 14 countries

NEW YORK, July 7 (Xinhua) -- U.S. President Donald Trump said Monday on social media that 25-percent tariffs will be imposed on imports from Japan and the Republic of Korea (ROK), respectively, beginning Aug. 1. In his letters addressed to the leaders of the two countries, Trump said the new tariffs will be separate from all other sectoral tariffs. Later on, he announced that similar letters were sent to the leaders of 12 other countries, namely Malaysia, Kazakhstan,...