Trump basically pushed back his whole “reciprocal” tariffs thing to August 1. It was supposed to kick in July 9, but nope more waiting. Classic Trump move, honestly.
Right after lunch on Monday, he blasted out these letters to Japan and South Korea, basically saying, “Hey, cough up or I’m slapping you with 25% tariffs maybe even more if you’re sneaking stuff through your borders.” Not super diplomatic.
And if you’re wondering, “transshipping” is just a fancy way of saying you move goods from, like, one ship to another somewhere along the way kind of like a pit stop for cargo. That 25% tariff? Yeah, he already threatened that during his wild “Liberation Day” rant back in April. Déjà vu, anyone?