The White House announced Monday that President Donald Trump is slated to sign an order delaying his 90-day tariff pause by another month, as the president began announcing a suite of new tariff rates on foreign goods,

Trump's so-called reciprocal tariffs will now take effect on Aug. 1, White House press secretary Karoline Leavitt told reporters. Minutes earlier, Trump announced 25% tariffs on South Korea and Japan that would take effect at the start of August.

President Donald Trump on Monday placed a 25% tax on goods imported from Japan and South Korea, citing persistent trade imbalances with the two crucial U.S. allies in Asia