US President Donald Trump said he will slightly raise across-the-board tariffs on Japan to 25% starting on Aug. 1, giving Prime Minister Shigeru Ishiba an extension that will enable him to try to settle the problem after a national election.

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.

The US plans to impose a 25% tax on products entering the country from South Korea and Japan on 1 August, President Donald Trump has said.He announced the tariffs in a post on social media, sharing letters he said had been sent to leaders of the two countries.