Which countries are the worst hit by Trump's new tariffs, and on what basis were these 14 countries chosen? What is the road ahead from here? We explain, in 3 points.

President Trump said yesterday that South Korea and Japan would face a new 25 percent tariff on their exports as of Aug. 1. He also extended a pause on steeper tariffs against dozens of other nations that was set to take effect tomorrow.

President Donald Trump unveiled a wave of letters again threatening key trading partners with high tariff rates even as he delayed the increased duties until Aug. 1 and suggested that he was still open to negotiations.