Trump tells Japan, Korea he’s imposing 25 percent tariffs as of Aug. 1

Editor's note: This story has been updated to better reflect the letters' language on sectoral tariffs. The U.S. will begin imposing 25 percent tariffs on Japanese and Korean goods beginning on Aug. 1, President Trump declared on Monday, sending letters to Japanese Prime Minister Ishiba Shigeru and Korean President Lee Jae-myung outlining the new rates while suggesting the countries could still negotiate ahead of the deadline. The nearly identical letters to Japan and Korea were the first Trump sent...