President Donald Trump's administration says higher rates will go into effect Aug. 1. Here's where trade negotiations stand.

South Korea's central bank held interest rates steady on Thursday and maintained an accommodative monetary stance, as policymakers were cautious about high household debt and warned of "significant" economic uncertainty from U.

Steep tariff rates are set to go back into effect after a 90-day pause on the April 2 rates that rocked the stock market.

The new tariffs [threatened in letters](

South Korea's central bank held interest rates steady on Thursday, as policymakers steered a cautious path amid concerns about financial stability risks stemming from rising household debt and economic pressure from U.

Trump also said he would soon announce tariffs “at a very, very high rate, like 200%,” on pharmaceutical imports.

One of the highest tariffs threatened by President Trump so far is against Brazil, with the president citing a criminal prosecution against Jair Bolsonaro.