President Donald Trump 's latest executive order delaying official tariff increases on dozens of countries until Aug. 1 has relieved some pressure on world markets, but he also ordered a 25% tax on goods imported from Japan and South Korea, citing persistent trade imbalances with the two crucial U.S. allies in Asia.
Trump will hold his first Cabinet meeting since April on Tuesday morning. And Trump plans a Friday visit to Texas, where flash floods killed more than 100 people, raising questions about whether more people will suffer due to his cuts to the National Weather Service and Federal Emergency Management Agency.