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Open this photo in gallery: Cranes, vehicles and shipping containers at a port in Pyeongtaek, South Korea, in April, 2025. U.S. President Donald Trump on Monday told Japan and South Korea they would face 25 per cent tariffs.Ahn Young-joon/The Associated Press Powerhouse Asian economies Japan and South Korea said on Tuesday they would try to negotiate with the U.S. to soften the impact of sharply higher tariffs that President Donald Trump now plans to impose from the start of August. Mr. Trump ramped up his trade war again on Monday, telling 14 nations that they would face tariffs ranging from…
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