President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.

The U.S. will impose tariffs of 25% on Japan and South Korea beginning on Aug. 1, President Donald Trump announced on Monday in posts on Truth Social.

P resident Donald Trump is set to impose a 25 percent tariff on goods imported from Japan and South Korea, starting August 1st. This move could potentially lead to price increases on a range of products if the costs are passed on to consumers.

While South Korean imports to the U.S. face 25% tariffs, the same as Trump promised in April, the rate on Japan has been raised by 1 percentage point to 25%.

President Donald Trump issued separate letters to the president of South Korea and Japan's prime minister on Monday, saying the U.S. will start charging a 25% tariff on Aug. 1. He also sent letters to 12 other countries.

Donald Trump said South Korea should pay for its own defence as he ramped up pressure on the Asian ally ahead of the imposition of a 25 per cent tariff on imports from the country.The president said it was “very unfair” that the US was paying for the defence of a successful country,

The top military chiefs of the US, South Korea, and Japan met in Seoul Friday, as President Donald Trump ups the pressure over defense spending and trade.

South Korea said it will review regulations flagged by the US while pressing for an easing of sectoral tariffs after President Donald Trump sent a letter with a new August deadline for imposing 25% across-the-board levies.

Trump says 25% tariffs coming for Japan and South Korea as trade war escalates again President Donald Trump sent out letters to nations that haven't entered into trade agreements with the U.S ...

Trump imposes tariffs up to 40% on 14 countries, pressuring allies to shift production to the US and avoid ties with BRICS. Tensions mount globally.