President Trump on Monday said 25% tariffs on goods from South Korea and Japan will go into effect on August 1. Mr. Trump posted two nearly identical letters to each nation's leader on his Truth Social media platform Monday,

President Donald Trump on Monday informed Japan and South Korea that 25% tariffs will be imposed starting Aug. 1 on goods sent to the United States.

The tariffs on two of America’s closest allies would go into effect Aug. 1, unless the countries reach some kind of trade agreement with the United States.