The president Donald Trump On Monday, he escalated the pressure on two of America’s trade partners, Japan and South Korea, sending letters to the leaders of their countries informing them of the imposition of new tariff rates.

Both countries will face a 25% duty on August 1, Trump announced in posts on Truth Social where he presented the letters, possibly more time in Tokyo and Seoul to negotiate agreements.

Japan will continue commercial talks with the US

The Japanese Prime Minister, Sigero Isiba, said on Tuesday that Japan will continue negotiations with the United States with a view to a bilateral trade agreement that will benefit both countries, according to Reuters.

The comment came in response to US President Donald Trump’s announcement via a letter that in Japan, as well as in South Korea, 25% duties will be imposed on August 1.

While Tokyo and Washington have not been able to reach an agreement so far, “There has been some progress in talks that helped Japan to prevent US duties growth to about 30% or 35%, as Trump recently suggested,” Isiba said in a meeting with ministers of the Council of Ministers to discuss Japan’s strategy on tariffs.

Isiba said Japan has received a proposal from the US to continue consultations until the new August deadline. “We have received a proposal from the United States to quickly move on to the negotiations in view of the new August 1 deadline and that, depending on Japan’s response, the content of the letter could be revised”said Isiba.

South Korea will closely monitor the impact of tariffs on economy and purchases

The South Korean finance ministry said on Tuesday that the government would closely monitor the impact of US duties on the economy and financial markets.

The ministry said it would react immediately and boldly to excessive market volatility, following a meeting to examine the impact of the US decision to impose a 25% duties on South Korea since August 1st.