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The Guardian - US
The Guardian - US
World
Lauren Aratani in New York, Lisa O'Carroll in Brussels and Lauren Almeida in London

Trump delays tariff hikes again but announces new rates for some countries

Donald Trump Japan South Korea United States Scott Bessent White House
Shipping containers are unloaded at the Port of Los Angeles, in San Pedro, US.
Shipping containers are unloaded at the Port of Los Angeles, in San Pedro, US. Photograph: Mike Blake/Reuters

Donald Trump revealed plans to step up his trade wars on Monday but delayed tariff hikes on goods from key economies until next month, amid widespread confusion over his controversial economic strategy.

The US president announced countries including Japan, South Korea and South Africa will face tariffs of up to 40% as part of a fresh wave of levies to kick in on 1 August. No increases will take place on Wednesday, however, after he extended a previous pause.

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