President Donald Trump says the US and South Korea have reached a trade agreement. His social media post says the US will impose a 15-percent tariff on South Korean imports. That's the same rate the US will charge Japan and the EU. Trump had earlier threatened to slap South Korea with a 25-percent levy from August 1.

President Trump on Tuesday announced that his administration had reached an agreement with Japan on trade, which would see the U.S. impose a 15 percent tariff on Japanese goods. Trump posted on

TOKYO -- Japan is working on a framework to monitor progress on implementing its tariff agreement with the U.S., as the Trump administration says it may raise tariffs again if it deems Tokyo has not made enough headway on purchasing and investment commitments.