United States President Donald Trump is set to impose 25 percent tariffs on two key US allies, Japan and South Korea, beginning on August 1 as the administration’s self-imposed deadline for trade agreements of July 9 nears without a deal in place.

Trump has started telling the US’s main trading partners what tariff rate he will impose on their imports. First up is Japan and South Korea. Both countries will face 25% tariffs, which is a step up from the current 10% rate, and a blow for hopes that Trump would scale back tariff threats and de-escalate a trade war.

South Korean President Lee Jae Myung says that it remains unclear whether Seoul and Washington can conclude their tariff negotiations by next week’s deadline set by President Donald Trump.