The president has earned a reputation for bluffing on tariffs. But he has steadily and dramatically raised U.S. tariffs, transforming global trade.

The sector-specific tariffs are putting pressure on businesses and foreign nations as they try to navigate Trump's constantly evolving trade agenda.

President Donald Trump said the U.S. will impose a 35% tariff on all Canadian goods from Aug. 1 and threatened a blanket 15 to 20% levy on most other nations.

According to reports, President Trump is firm on the 25% tariff for Japan and Korea, "but not 100% firm." The US government is still open to negotiations. However, he's threatened both countries that the figure will increase if they retaliate with their own increased tariffs.

President Trump is pushing through with his tariff agenda, unveiling a new batch of letters to country leaders outlining tariffs on goods imported from their countries beginning in August and a warning to BRICS nations.

Nasdaq edges higher after president's latest tariff threats