The president imposed tariffs on Japan, one of America’s closest allies, that would have been alarming just months ago. And markets went up.

The new rate is higher than what Trump had threatened when he first unveiled sweeping global tariffs in April.

April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.

A three-day meeting in response to President Trump’s looming tariff threat underscored differences between the leaders of Canada’s provinces and territories.

On his own terms, it could now be said that the aggressive approach by the US President is yielding tangible results.

Trump has sent letters to leaders of dozens of countries outlining the tariff levels set to begin on Aug. 1. In recent months, Trump has rolled back some of his steepest tariffs, meaning delays could be possible in the case of the Aug. 1 deadline. The Trump administration appears to have stood largely behind the deadline in recent days, however.

Trump recently said he will impose a 35% tariff on Canada, the latest salvo in his on-again, off-again trade war with the U.S. ally and top trade partner.

Australia will lift restrictions on the import of beef from the US, a trade barrier which had angered the Trump administration.