President Trump's tariff campaign, initiated in January 2025, has disrupted global financial markets and diplomatic ties, focusing on countries like China, Canada, and Mexico. The aggressive measures have raised concerns over inflation and geopolitical stability.

Donald Trump has revived his threat to hit major trading partners with steep “reciprocal” tariffs even as he granted a three-week reprieve for countries to negotiate trade deals with the US. The president on Monday sent letters to Japan and South Korea,

President Donald Trump sent out tariff letters to U.S. trading partners on Monday as he had promised, starting with missives to Japan and South Korea before targeting Malaysia, South Africa and other countries.