The chair of the White House Council of Economic Advisers said that some countries that are negotiating with the U.S. could see tariffs delayed.

President Trump plans to issue an executive order to extend the pause on his steep, so-called reciprocal tariffs to Aug. 1, White House press secretary Karoline Leavitt said Monday. The pause had been set to expire Wednesday.

President Trump is slated to sign an executive order to delay Wednesday's deadline until August 1. The tariff rates were initially set in April. Meanwhile, Trump met with Israeli Prime Minister Benjamin Netanyahu as there's a renewed push for a ceasefire in Gaza.

President Donald Trump cranked up the pressure Monday on America’s trading partners, firing off letters to heads of several countries, informing them of their new tariff rate. But at the same time, Trump took some of the edge off by signing an executive action Monday to extend the date for all “reciprocal” tariffs,

President Trump has told 14 countries that they will face tariffs of at least 25 percent on Aug. 1 if they don’t reach agreements by then.

President Donald Trump on Monday placed a 25% tax on goods imported from Japan and South Korea, citing persistent trade imbalances with the two crucial U.S. allies in Asia