NEW YORK (AP) — Just over three months ago, President Donald Trump unveiled his most sweeping volley of tariffs yet — holding up large charts from the White House Rose Garden to outline new import taxes that the U.S. would soon slap on goods from nearly every country in the world.

In late April, shortly after President Trump’s announcement of sweeping reciprocal tariffs sent markets reeling,

President Trump said Japan and South Korea, two of America’s closest allies, would face tariffs of 25 percent unless the countries reach some kind of trade agreement with the United States. Other countries received notice of higher levies.