President Trump on Monday said the U.S will impose 25% tariffs on goods from South Korea and Japan by Aug. 1, while also threatening to hit a dozen other nations with steep import duties by next month.

President Donald Trump announced on Monday that he is levying tariffs against South Korea and Japan beginning in August. Trump

The country’s new president, in office for a little over a month, had just dispatched his senior deputies to Washington to try to work out a trade deal.