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.

Japan's trade deal with the U.S. must include tariff concessions for its vital automobile industry, top trade negotiator Ryosei Akazawa said on Tuesday, after President Donald Trump announced 25% tariffs on goods from Japan starting August 1.

Trump said on Monday he would impose the tariff on goods from South Korea starting on August 1, posting a letter to President Lee Jae Myung on his social media platform along with one to Japan's leader.

President Donald Trump's latest executive order delaying official tariff increases on dozens of countries until Aug. 1 has relieved some pressure on world markets, but he also ordered a 25% tax on goods imported from Japan and South Korea,

President Donald Trump on July 7 threatened to impose 25 percent tariffs on Japan and South Korea, and levies as high as 40 percent on 12 other countries, if they did not reach a deal by August 1.

A day later, Trump said the U.S. will impose 50% tariffs on copper, as well as 200% tariffs on pharmaceuticals.Trade deals could be coming. Japan’s top trade negotiator, for example, said July 8 that talks with the U.