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.

President Donald Trump this week dressed up a retreat in his trade war – delaying the imposition of tariffs from today to Aug. 1 – as a counterattack. He sent letters to 20 countries including Japan and South Korea threatening steep duties if they have not made a deal by the new deadline.