US President Donald Trump said he will slightly raise across-the-board tariffs on Japan to 25% starting on Aug. 1, giving Prime Minister Shigeru Ishiba an extension that will enable him to try to settle the problem after a national election.

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U.S. President Donald Trump on Monday released the first batch of letters to notify trading partners of new tariff rates. The rate on Japan will be 25%, he wrote. The August start date is seen as a way to pressure negotiating partners into making concessions.