President Trump on Monday said the U.S will impose 25% tariffs on goods from South Korea and Japan by Aug. 1, while also threatening to hit a dozen other nations with steep import duties by next month.

Donald Trump could spark more chaos and confusion in global markets after hinting that his latest deadline to impose major tariffs might once again shift on a whim. On Monday, Trump announced a sweeping new wave of 25 percent tariffs on more than a dozen countries,

This follows last-minute talks by the EU, Japan, and South Korea to strike trade deals and avoid steep US tariffs.