Trump delayed the "reciprocal tariffs" in April, vowing to strike roughly 90 trade deals in 90 days. So far, the White House says it has reached trade agreements with only the United Kingdom and Vietnam, as well as a preliminary accord with China.

President Trump said yesterday that South Korea and Japan would face a new 25 percent tariff on their exports as of Aug. 1. He also extended a pause on steeper tariffs against dozens of other nations that was set to take effect tomorrow.