President Trump on Monday said the U.S will impose 25% tariffs on goods from South Korea and Japan by August 1, while also threatening to hit five other nations with import duties of up to 40% by next month.

President Donald Trump said he’ll impose tariffs of 25% on goods from Japan and South Korea beginning Aug. 1, giving the two export powers a narrow three-week window to open their markets to American products and manufacture more in the US to avoid his unilateral levies.

The White House announced Monday that President Donald Trump is slated to sign an order delaying his 90-day tariff pause by another month, after he shared letters informing governments in Japan and South Korea that he’s levying 25% tariffs on their imports to the U.