President Trump said Japan and South Korea would face tariffs of 25 percent unless they reached an agreement with the United States. Other countries received notice of higher levies.

“Any Country aligning themselves with the Anti-American policies of BRICs, will be charged an ADDITIONAL 10% Tariff,” Trump posted at about 10 p.m. Eastern Time Sunday on his Truth Social site. “There will be no exceptions to this policy. Thank you for your attention to this matter!”

The S&P 500 retreated 0.8% from its all-time high, and bond yields ticked higher. The Dow industrials fell 0.9%.