As his 90-day pause expires, Trump announces big tariffs on a range of countries, starting Aug. 1, including 25% on Japan and South Korea, which together accounted for about 8.6% of total U.S. imports last year. How much economic damage and business uncertainty will these new taxes create? And does Trump really want to cut tariff deals, or is he more motivated by trade deficits and the tax revenue? 

Learn more about your ad choices. Visit megaphone.fm/adchoices