Trump has sent letters to leaders of dozens of countries outlining the tariff levels set to begin on Aug. 1. In recent months, Trump has rolled back some of his steepest tariffs, meaning delays could be possible in the case of the Aug. 1 deadline. The Trump administration appears to have stood largely behind the deadline in recent days, however.

President Donald Trump said in a Truth Social post on Tuesday that the U.S. had reached a deal with Japan to lower its tariff rate to 15% after Japanese officials said they would invest $500 billion i