Trump plans new tariffs as the 90-day pause on some of his most aggressive tariffs is set to expire this week.

Asian shares rose Tuesday after stocks on Wall Street closed broadly lower as the White House stepped up pressure on major trading partners to make deals before punishing tariffs imposed by the U.S. take effect.

The president has already threatened an additional 10% tariff on goods from countries aligning themselves with a bloc of nations that includes China and Russia.

South Korea is seeking to extend a looming tariff grace period tied to US President Donald Trump's reciprocal tariff policy. South Korea's Trade Minister Yeo Han-koo traveled to Washington last week to present what officials describe as a "technology-driven framework" aimed at reshaping the conversation around tariffs into one of strategic industrial cooperation.

President Donald Trump recently sent letters to leaders of 14 countries, including Japan, South Korea, Malaysia, Kazakhstan, and South Africa. The letters outlined new tariff rates on their goods, set to come into effect on August 1.