Trump says 25% tariffs coming for Japan and South Korea as trade war escalates again President Donald Trump sent out letters to nations that haven't entered into trade agreements with the U.S ...

By Jeff Mason, Bart H. Meijer and David Brunnstrom WASHINGTON/BRUSSELS (Reuters) -U.S. President Donald Trump on Monday began telling trade partners – from powerhouse suppliers like Japan and South Korea to minor players – that sharply higher U.

The president has already threatened an additional 10% tariff on goods from countries aligning themselves with a bloc of nations that includes China and Russia.

US President Donald Trump has postponed the deadline for imposing new tariffs from July 9 to August 1, and possibly beyond. While markets remain calm for now, concerns are growing over the lack of progress on promised trade deals and rising global tensions.

The EU says a trade deal with the US could be days away as Trump has threatened fresh tariffs. Several new duties were announced after the US president said he would hit partners like Japan and South Korea from August 1.