President Trump has taken an unconventional approach to trade negotiations by sending form letters to foreign leaders.

Ninety trade deals in 90 days didn't happen early in President Donald Trump's second term. “Liberation Day” panicked the financial markets in April. Most are fill-in-the-blank form letters that include leaders' names and a tariff rate.

After Wall Street previously downplayed risks from President Donald Trump's trade war, investors are starting to take his tariff threats more seriously.

Patriotism is now being used as an inflation control strategy by the White House, according to economic advisor Kevin Hassett, who on Monday told CNBC’s

President Donald Trump extended his "Liberation Day" tariff pause and sent letters to trading partners announcing new tariff rates for Aug. 1.

Trump has repeatedly shifted his stance on tariffs since his “Liberation Day” announcement—earning him the nickname “TACO Trump.”

U.S. stock indexes are edging mostly lower following President Donald Trump’s latest updates to his tariffs, but Wall Street is hanging near its record amid speculation about whether the president may ultimately back down.

White House National Economic Council Director Kevin Hassett appeared to acknowledge that Trump’s threat to hike tariffs on Brazil is not because of a trade deficit. — Trump is likely to meet with Chinese leader Xi Jinping soon,