The White House announced Monday that President Donald Trump is slated to sign an order delaying his 90-day tariff pause by another month, as the president began announcing a suite of new tariff rates on foreign goods,

Financial markets are on edge about higher import taxes, but White House officials say they anticipate “a lot of deals very quickly.”

President Donald Trump announced looming tariffs on at least seven countries on Monday as he struggles to lock in new trade agreements with some of the biggest U.S. trading partners. The president first posted a pair of letters to the leaders of both Japan and South Korea on social media which stated they would be slapped with 25 percent tariffs starting on August 1.