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"A letter from the White House to the President of Korea announces new trade policies, effective August 1, 2025, to address a U.S. trade deficit. The policy includes a 25% tariff on all Korean products entering the United States, with a provision for higher tariffs on goods transshipped to evade the tariff. It also states that Korean companies manufacturing products within the U.S. will not face these tariffs, and warns of additional U.S. tariffs if Korea raises its own tariffs in response. The letter asserts that the trade deficit poses a threat to U.S. economy and national security."