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,

This follows last-minute talks by the EU, Japan, and South Korea to strike trade deals and avoid steep US tariffs.

President Donald Trump is digging in on his most recent threat to force Americans to pay exorbitant tariffs on imports in an attempt to reverse decades globalization and return the United States economy to one based on manufacturing rather than services.