Trump wants to impose a 25% tariff on South Korea, but it's been postponed. Will three more weeks be enough time to negotiate? Will there be another extension?

Secretary of State Marco Rubio met counterparts in Southeast Asia during his first visit to the region since taking office.

It shows that personal grudges rather than simple economics are a driving force in the U.S. leader’s use of tariffs.

Trump imposes tariffs up to 40% on 14 countries, pressuring allies to shift production to the US and avoid ties with BRICS. Tensions mount globally.

Donald Trump has said he will impose 25 per cent tariffs on imports of goods from Japan and South Korea, in an announcement that sent US stocks sliding. The president on Monday said the new levies on both countries would come into effect on August 1. Trump has vowed to announce tariff rates for dozens of other trading partners in coming days.

Asian shares rose Tuesday after stocks on Wall Street closed broadly lower as the White House stepped up pressure on major trading partners to make deals before punishing tariffs imposed by the U.S. take effect.

The president has already threatened an additional 10% tariff on goods from countries aligning themselves with a bloc of nations that includes China and Russia.

Citing sources, the Wall Street Journal reported that Trump signed an executive order Tuesday that delayed the tariff hike on almost all U.S. trading partners until August 1 at the request of Treasury Secretary Scott Bessent,