White House delays new tariffs to August 1 but imposes 25% tax on Japanese and South Korean goods.

President Trump has delayed new tariffs until August 1 but imposed a 25% tax on goods from Japan and South Korea, citing trade imbalances. The move aims to pressure trading partners into new deals. Despite record stock highs, economists warn of potential negative impacts on the economy from tariff uncertainty. The delay has led to mixed reactions in financial markets.