The newly announced 19% tariff on Indonesian goods is lower than the 32% rate it had faced under President Donald Trump’s previous “liberation day” plans.

With the Trump administration setting 15% as a floor for tariffs, companies and economists are warning of higher prices later this year.

New gas purchase commitments are helping foreign trade partners avert a wave of U.S. tariffs set to take effect Aug. 1.

President Donald Trump’s vows to roll out punishing new tariffs on Aug. 1 have barely made a ripple with investors who are convinced he’ll once again back down. But at the White House, officials insist they’re serious this time.

The White House has yet to release official details on the Japan trade deal. President Trump said Japan will open its markets to U.S. goods, including cars, trucks and agricultural products. However, U.S. exporters note that many barriers to selling in Japan go beyond what trade deals can address.

The Philippines has agreed to a trade deal with the United States that will lower U.S. tariffs on its exports to 19 percent, President Trump announced Tuesday following a meeting with the Philippine president,

President Donald Trump welcomed Philippine President Ferdinand Marcos Jr. to the White House Tuesday to discuss "war and peace" and trade, as the two countries seek closer security and economic ties in the face of shifting geopolitics in the Indo-Pacific region.