President Trump on Monday said the U.S will impose 25% tariffs on goods from South Korea and Japan by August 1, while also threatening to hit five other nations with import duties of up to 40% by next month.

US President Donald Trump warned that any retaliatory tariffs from SA would be met with further hikes. Other, near-identical letters, with varying tariff rates, were addressed to the leaders of Japan,

U.S. President Donald Trump signed an executive order Monday extending the date on which so-called "reciprocal" tariffs will take effect to August 1. The previous deadline had been July 9. (Reporting by Christian Martinez;