#DayTradingStrategy President Trump today posted letters to the leaders of Japan and South Korea, informing them that he plans to impose 25% tariffs on all of their exports to the U.S. beginning Aug. 1.

In a letter posted to social media, Trump informed South Korean President Lee Jae-myung that "the United States of America has agreed to continue working with Korea, despite having a significant Trade Deficit with your great Country." He later added, "Our relationship has been, unfortunately, far from Reciprocal," as justification for the new tariff rates.

He posted a separate, but nearly identical letter, to Japanese Prime Minister Ishiba Shigeru, likewise informing him of a 25% tariff.