South Korea's central bank held interest rates steady on Thursday and maintained an accommodative monetary stance, as policymakers were cautious about high household debt and warned of "significant" economic uncertainty from U.

The U.S. president, whose global wave of tariffs has upended businesses and policymaking, said the European Union will receive a letter "today or tomorrow". Both Nasdaq futures and S&P 500 futures fell about 0.4%. EUROSTOXX 50 futures dropped 0.6%. The euro slipped 0.3% to $1.1668, while the dollar gained 0.4% to C$1.3704.

Asia-Pacific markets are set to trade mixed on Thursday after U.S. President Donald Trump announced that the U.S. will slap a 50% tariff on Brazilian imports beginning August 1.

The U.S. will impose tariffs of 25% on Japan and South Korea beginning on Aug. 1, President Donald Trump announced on Monday in posts on Truth Social.

President Donald Trump announced 25% taxes on products from Japan and South Korea, in addition to the threat of higher potential tariffs on goods from those nations if they raise their tariffs on American goods.

Live updates and the latest news as Trump and Netanyahu meet at White House to discuss Iran and the U.S. sends tariff letters to trading partners.

SEOUL: South Korea's Lee administration is scrambling to take the edge off the United States' new tariffs, as the nation's top security adviser departed Seoul on Sunday (July 6) to travel to Washington and join forces with Seoul's trade minister who arrived there the day before.

Korea and the United States are “entering a critical phase of discussions” on various trade and security issues, National Security Adviser Wi Sung-lac said Sunday while explaining the background of his three-day trip to Washington.