President Donald Trump on Monday set a 25% tax on goods imported from Japan and South Korea, as well as new tariff rates on a dozen other countries.

President Donald Trump sent out letters to nations that haven't entered into trade agreements with the U.S., informing them of their new tariff rates.

In letters so far to 14 countries, including smaller exporters to the United States such as Serbia, Thailand and Tunisia, Trump hinted at opportunities for additional negotiations, even while warning that reprisals would draw a like-for-like response.

President Donald Trump on Saturday announced he's levying tariffs of 30% against the European Union and Mexico starting Aug. 1, a move that could cause massive upheaval between the United States and two of its biggest trade partners.

A letter to the Kazakh president stated, “Starting on August 1, 2025, we will charge Kazakhstan a Tariff of only 25% on any and all Kazakh products sent into the United States, separate from all Sectoral Tariffs.

Trump unveils 25% tariffs on South Korea and Japan, nearly identical to his 'Liberation Day' rates. Yahoo Finance's Washington Correspondent Ben Werschkul reports: Read more here.