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,

U.S. President Donald Trump has postponed the implementation of 'reciprocal' tariffs from July 9 to August 1, following the signing of an executive order on Monday.

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