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flag President Trump plans tariffs on Japan, South Korea, and 12 other nations, risking higher prices and trade conflicts.

flag President Trump plans to impose a 25% tariff on goods from Japan and South Korea, effective August 1, and new rates on 12 other nations. flag Trump warned these countries against retaliating with higher taxes, threatening to increase tariffs further. flag The move could strain trade relations and potentially raise costs for American consumers. flag South Korea is negotiating for a better deal before the tariffs take effect.

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