The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.

He is raising tariffs on some of America’s most important trading partners, and the world is largely cheering the agreements as victories.

As the tariff pause ends, the Trump administration should pivot to a more targeted and strategic policy that minimizes domestic harm.

Trump has sent letters to leaders of dozens of countries outlining the tariff levels set to begin on Aug. 1. In recent months, Trump has rolled back some of his steepest tariffs, meaning delays could be possible in the case of the Aug. 1 deadline. The Trump administration appears to have stood largely behind the deadline in recent days, however.

Trump's top economic aides have initiated negotiations with about 75 countries to discuss tariffs and other trade policies. White House officials have cited progress with Japan, South Korea and ...

US President Trump sent letters to several countries, including close allies Japan and South Korea, imposing tariffs starting August 1. Japanese PM Ishiba said he wanted to reach a deal which worked for both nations.