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.

South Korea, the United States and Japan held trilateral ministerial talks on the sidelines of a multilateral gathering in Malaysia on Friday, Seoul officials said, with steep U.S. tariffs, and other shared regional and global issues likely to be high on the agenda.

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%.

Try The Mainichi News Quiz for July 11 to test your news knowledge. Ready?What tariff rate has U.S. President Donald Trump announced will apply to Japan from Aug. 1?A) 10%B) 15%C) 24%D) 25%Read the ed

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 Monday informed Japan and South Korea that 25% tariffs will be imposed starting Aug. 1 on goods sent to the United States.

“Other countries routinely use tariffs to advance their foreign policy and national security interests, and President Trump is committed to using every tool at his disposal—including access to the American economy, the world’s biggest and best consumer market—to put Americans and America First,” said White House spokesman Kush Desai.

US stocks fell Monday as President Donald Trump announced a flurry of tariffs on countries including Japan, South Korea and South Africa.

U.S. Secretary of State Marco Rubio met counterparts in Southeast Asia on Thursday during his first visit to Asia since taking office, seeking to reassure them the region is a U.S. priority despite President Donald Trump's tariff offensive.