T rump’s so-called reciprocal tariffs are scheduled to go into effect on August 1 after a 90-day delay—just as American families begin back-to-school shopping—and could hike up the cost of consumer goods imported from other countries.

ABC News’ Selina Wang discusses the impact of the new trade deal with Japan, including the response from American automakers.

European Commission President Ursula von der Leyen announced that she is to meet with US President Donald Trump on Sunday in Scotland. The meeting would come days ahead of August 1, when Trump said we would impose tariffs of 30% on imports from the European Union for alleged trade imbalances.