Will continue their efforts to negotiate with the US for duties, Japan and South Korea As they said today Tuesday, in order to reduce the impact of significantly higher duties President Donald Trump is now planning to impose since early August.

Trump again escalated his trade war on Monday, saying to 14 nations that they will face duties ranging from 25% for countries such as Japan and South Korea, up to 40% for Laos and Myanmar.

However, with the start of duties on August 1st, these countries were now focused on the new three -week window to push for an easier process.

OR Japan wants concessions for the her great automaker, The top trade negotiator said on Tuesday, Rosei Akazava.

Acazava said that had a 40 -minute telephone contact with US Secretary of Commerce, Howard Lutnik, in which the two agreed to continue the negotiations actively. However, he said he would not sacrifice the Japan’s agricultural sector for the sake of an early agreement.

OR South Korea stated that he is planning to intensify commercial conversations in the coming weeks “to achieve a mutually beneficial result”.

Asked if the last deadline was final, Trump replied Monday: “I would say definitive but not 100% definitive. If they call us and tell us that we would like to do something differently, we will be open to it. “

Economists have warned that long -term tariff disputes are at risk of hauling growth and raising prices, causing headaches to policy makers.