President Trump has signed an executive order delaying the implementation of trade tariffs until August 1, providing negotiating opportunities for trading partners.

Donald Trump has signed an executive order extending the deadline for trade tariffs to August 1 instead of July 9. The decision comes amid negotiations with trading partners including Japan and South Korea, and heralds higher tariffs on various products. The European Union has not been notified and talks continue to avoid an escalation of the trade conflict. Shares in financial markets fell in response to the announcements, and Trump warned that retaliatory measures would be met with similar responses.