President Donald Trump has postponed implementing higher tariffs on US imports, issuing letters to 14 countries including Japan and South Korea about potential levies set to start on 1 August.

• The new tariffs were initially scheduled to take effect on 9 July, but the deadline has been extended.
• Economist Adam Ahmad Samdin indicated that such extensions are common as trade agreements require time to finalize.
• Trump warned that tariffs could be adjusted based on each country's relationship with the US, with the potential for a 25% tax on certain goods.