#TrumpTariffs President Donald Trump says he has delayed imposing higher tariffs on goods entering the US from 14 countries, including Japan and South Korea.

The latest development on global trade by Trump comes as a 90-day pause the White House placed on some of its most aggressive import taxes was set to expire this week.

The president announced plans for a 25% tax on products entering the country from Japan and South Korea and shared a batch of other letters to world leaders warning of levies from 1 August.

Higher tariffs had been set to come into effect on 9 July, having previously been suspended with White House officials saying they would look to strike trade deals.

On Monday, Trump shared letters addressing leaders of 14 countries on social media, informing them of his latest tariff plans, while adding that the rates could be modified "upward or downward, depending on our relationship with your country".

Most of the tariff rates outlined by Trump were broadly the same from what he had put forward in April, when he made his "Liberation Day" announcement, threatening a wave of new taxes on goods from various countries.

The president argues that introducing tariffs will protect American businesses from foreign competition and also boost domestic manufacturing and jobs.