Sweeping tariffs set to be imposed by President Donald Trump next month may cast a pall over his top diplomat’s first official trip to Asia this week — just as the U.S. seeks to boost relations with Indo-Pacific nations to counter China’s growing influence in the region.

President Donald Trump made clear today that there’s no wiggle room for his new Aug. 1 threat of hefty tariffs on 14 countries, along with however many more receive letters in the coming days. “There has been no change to this date,

President Donald Trump vowed to push forward with his aggressive tariff regime in the coming days, stressing he would not offer additional extensions on country-specific levies set to now hit in early August while indicating he could announce substantial new rates on imports of copper and pharmaceuticals.

U.S. President Donald Trump on Tuesday said he would impose a 50% tariff on imported copper and soon introduce long-threatened levies on semiconductors and pharmaceuticals, broadening his trade war that has rattled markets worldwide.

The Yale Budget Lab noted that the letters sent Monday would hike the effective tariff rate on U.S. consumers to the highest since 1934.

W ASHINGTON—President Trump decided to delay the implementation of his so-called reciprocal tariffs to Aug. 1 after advisers including Treasury Secretary Scott Bessent told him he could get trade deals with more time, according to people familiar with the matter.

Trump delays tariff deadline to Aug. 1, warning dozens of nations to finalize trade deals or face steep new duties. Follow Newsweek's live blog.

President Donald Trump plans to announce trade deals and deliver tariff warnings on Monday, as countries negotiated through the weekend to avoid the highest punitive measures on their exports to the US before a Wednesday deadline.

Wall Street's main indexes largely held firm on Tuesday, as jitters over President Donald Trump's latest tariff offensive were offset by mounting hopes that fresh talks with U.S. trading partners could avert a full-blown global tariff war.

Iron ore fluctuated as US President Donald Trump signaled he was open to more negotiations after he unveiled his first wave of letters threatening to impose higher tariffs.

Donald Trump has revived his threat to hit major trading partners with steep “reciprocal” tariffs even as he granted a three-week reprieve for countries to negotiate trade deals with the US. The president on Monday sent letters to Japan and South Korea,