The U.S. will raise its “reciprocal tariff” on Japan to 25% effective Aug. 1, President Donald Trump said in a letter, an apparent attempt to ramp up pressure that has also given Japan more time before the deadline. https://www.japantimes.co.jp/business/2025/07/08/economy/trump-japan-tariff-letter/?utm_medium=Social&utm_source=mastodon #business #economy #us #usjapanrelations #donaldtrump #tariffs #trade #globaleconomy #japaneseeconomy #shigeruishiba