The president noted that U.S. negotiators remained open to offers from trading partners, suggesting that tariffs could be reduced by — or even after — the deadline on Aug. 1.

Global markets shrugged off news of Trump's latest tariffs, with both Asia-Pacific and Europe stocks staging a muted response Tuesday.

Stocks are mixed in early trading Tuesday as Wall Street watches for new developments in the Trump administration’s bid to win more favorable trade deals from nations around the globe by threatening to impose punishing tariffs on their exports to the U.