In latest trade shake-up, US president threatens East Asian leaders with further import tax hikes should they respond with their own tariffs

President Donald Trump on Monday placed a 25% tax on goods imported from Japan and South Korea, citing persistent trade imbalances with the two crucial U.S. allies in Asia. Trump provided notice of the tariffs to begin on Aug. 1 by posting letters on Truth Social that were addressed to the leaders of both countries.

South Korea plans to intensify trade talks with the U.S. following President Trump's announcement of a 25% tariff starting August 1. The grace period extension is seen as an opportunity to improve systems,