Tariffs have raised US$100 billion (S$128 billion) for the US so far, said US Treasury Secretary Scott Bessent. Read more at straitstimes.com. Read more at straitstimes.com.

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,

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.

President Donald Trump announced that he might soon send the European Union a letter detailing the new tariff rates on exports to the United States. He acknowledged that recent trade discussions have been favorable but emphasized the proximity of the impending tariff notice.

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,