U.S. President Donald Trump threatened to add an additional 10 percent tariff to any country aligned with BRICS (Brazil, Russia, India, China, and South Africa) and then later threatened 25 percent tariffs as of 1 August on China, South Korea, and Japan, as his “liberation day” tariff pause is poised to expire on 9 July.

President Donald Trump on Monday informed seven nations, including Japan and South Korea, that new tariffs of at least 25% will be imposed starting Aug. 1 on most goods sent to the United States.

First up, US President Donald Trump has announced 25% tariffs on Japan and South Korea from August 1, the ABC reported. He posted images of the letters he sent to the leaders of both countries on Monday local time. He told Japanese Prime Minister Shigeru Ishiba and South Korean President Lee Jae-myung that the tariffs would be for all goods.