The US sets reciprocal tariffs of 25% for Japan and South Korea. Both countries vowed to accelerate negotiations within three weeks.

In a bold move, the United States will impose a 25% tariff on imports from Japan and South Korea starting August 1. President Donald Trump announced this decision, citing unfair trade balances and non-reciprocal relationships.

Even as Washington ramps up pressure on Japan and South Korea to settle trade disputes with the US, diplomatic observers believe tariffs imposed by US President Donald Trump are not likely to push its two Asian allies closer to Beijing.