President Donald Trump announced looming tariffs on at least seven countries on Monday as he struggles to lock in new trade agreements with some of the biggest U.S. trading partners.
The president first posted a pair of letters to the leaders of both Japan and South Korea on social media which stated they would be slapped with 25 percent tariffs starting on August 1.
Throughout the afternoon he has since posted two more letters announcing he would impose 25 percent tariffs to on Malaysia and Kazakhstan. He also sent a letter imposing a 30 percent tariff on South Africa, as well as 40 percent tariffs on Laos and Myanmar.
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