President Donald Trump ’s latest executive order delaying official tariff increases on dozens of countries until Aug. 1 has relieved some pressure on world markets, but he also ordered a 25% tax on goods imported from Japan and South Korea,

President Donald Trump on July 7 threatened to impose 25 percent tariffs on Japan and South Korea, and levies as high as 40 percent on 12 other countries, if they did not reach a deal by August 1.

U.S. President Donald Trump signed an executive order Monday extending the date on which so-called "reciprocal" tariffs will take effect to August 1. The previous deadline had been July 9. (Reporting by Christian Martinez;