Investors are digesting Trump's stiff tariffs on imports from more than a dozen countries and delayed the return of sweeping April levies.

Yes—partially. Trump signed an executive action extending the start date for “reciprocal” tariffs from July 9 to August 1, giving countries more time to negotiate new trade deals. However, this pause does not include China, and several other countries are now facing immediate tariff hikes between 25% and 40%.