While South Korean imports to the U.S. face 25% tariffs, the same as Trump promised in April, the rate on Japan has been raised by 1 percentage point to 25%.

President Donald Trump on Monday placed a 25% tax on goods imported from Japan and South Korea, citing persistent trade imbalances with the two crucial U.S. allies in Asia.Trump provided notice of the tariffs to begin on Aug.

Japan and South Korea have until Aug. 1 to agree new trade terms with the U.S., or face 25% “reciprocal” tariffs. The two Asian countries share vulnerabilities that put them in President Trump’s crosshairs,