The newest countries to be affected with Trump's Aug. 1 tariffs include Malaysia, Kazakhstan, South Africa, Laos and Myanmar. Trump shared letters that were sent to the nations, notifying them of levies ranging from 25% to 40%. They come on top of 25% tariffs imposed on Japan and South Korea.

Futures on Wall Street are trading with losses at the culmination of the long Independence Day weekend ahead of US President Donald Trump's looming reciprocal tariff deadline. The Dow futures are currently trading 170 points lower,

While markets expected an extension ahead of the July 9 end to the tariff reprieve, administration officials signaled there will be just a few weeks' worth.