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.

President Donald Trump told Japan and South Korea the U.S. has set 25% tariffs on their goods, in the first of several trade moves expected to be announced over the next 48 hours. He will also issue an executive order that will extend the previous July 9 deadline for all trade deals to Aug.

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.