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 Donald Trump, in social media posts, shared screenshots of signed form letters dictating new tariff rates to the leaders of 14 countries.

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