President Donald Trump said on Tuesday that South Korea needed to pay for its own military, suggesting the U.S. ally needed to pay more for having American security guarantees. "

The U.S.’s closest security allies in Asia, along with six Southeast Asian countries, have been given another three weeks to negotiate trade deals — or face higher tariffs.

Despite his bullish outlook for stocks over the next 6 to 12 months, Baird investment strategist Ross Mayfield views President Donald Trump's "exemplary" 25% tariffs on Japan and South Korea as "a risk-off type of event." Lisa Bernhard has more.