Goods from Japan and South Korea hit with 25% levy

The US plans to impose a 25% tax on products entering the country from South Korea and Japan on 1 August, President Donald Trump has said.

He announced the tariffs in a post on social media, sharing letters he said had been sent to leaders of the two countries.

The White House has said it expects to send similar messages to many countries in the coming days as the 90-day pause it placed on some of its most aggressive tariffs is set to expire.

The first two letters suggest that Trump remains committed to his initial push for tariffs, with little change from the rates announced in April.

At that time, he said he was looking to hit goods from Japan with duties of 24% and charge a 25% on products made in South Korea.

Those tariffs were included in a bigger “Liberation Day” announcement, which imposed tariffs on goods from countries around the world.

After outcry and turmoil on financial markets following the initial tariffs announcement, Trump suspended some of the import taxes to allow for talks. That deadline is set to expire on 9 July.

On Monday, Treasury Secretary Scott Bessent said he expected “a busy couple of days”.

“We’ve had a lot of people change their tune in terms of negotiations. So my mailbox was full last night with a lot of new offers, a lot of new proposals,” he told US business broadcaster CNBC.