By Jeff Mason, Bart H. Meijer and David Brunnstrom WASHINGTON/BRUSSELS (Reuters) -U.S. President Donald Trump on Monday began telling trade partners - from powerhouse suppliers like Japan and South Korea to minor players - that sharply higher U.

The US sets reciprocal tariffs of 25% for Japan and South Korea. Both countries vowed to accelerate negotiations within three weeks.

President Trump's newly announced 25% tariffs on goods from South Korea and Japan closely reflect tariffs for each nation that Trump had announced on April 2, before implementing a 90-day pause that was set to expire Wednesday.

WASHINGTON — U.S. markets saw steep drops as President Donald Trump began announcing unilateral 25% tariffs on all imports from key trading partners Japan and South Korea shortly after noon Monday. Hours later, he announced additional tariffs ranging from 25% to 40% on Kazakhstan, Laos, Malaysia, Myanmar and South Africa.

While South Korean imports to the U.S. face 25% tariffs, the same as Trump promised in April, the rate on Japan has been raised by 1 percentage point to 25%.