Trump wants to impose a 25% tariff on South Korea, but it's been postponed. Will three more weeks be enough time to negotiate? Will there be another extension?

By Jeff Mason and Leika Kihara WASHINGTON/TOKYO (Reuters) -Powerhouse Asian economies Japan and South Korea said on Tuesday they would try to negotiate with the U.S. to soften the impact of sharply higher tariffs that President Donald Trump now plans to impose from the start of August.

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.

The fishermen’s boats had drifted into South Korean waters, officials said. The South’s new president has been trying to improve ties with North Korea.

South Korea sent six North Koreans back across their sea border, months after they drifted south in wooden boats in March and May

South Korea will follow terms previously agreed with the United States on defense cost sharing, its foreign ministry said on Wednesday, following a call by U.S. President Donald Trump for Seoul to pay more for the U.

President Donald Trump said on Tuesday that South Korea needed to pay for its own military, suggesting the U.S. ally needed to pay more for having American security guarantees. "South Korea is making a lot of money,