Pakistan, July 9 -- Donald Trump sent letters to 14 countries, mainly in Asia, informing them that higher import tariffs will come into effect on August 1 unless they reach a deal with the United States.

It is the second time the US president has set a deadline after he postponed tariffs on almost all countries in April for 90 days.

Countries that have large trade imbalances with the United States have been key targets, including Japan ($68.5 billion surplus in 2024), South Korea ($66 billion), Thailand ($45.6 billion) and Indonesia ($17.9 billion).

Here is a summary of what Trump's letters mean for these countries:

South Korea: Optimistic for a deal

South Korea, already burdened by sector-specific levies on steel and automobiles, is...