The US and China face an Aug. 12 deadline to extend their tariff pause as Trump amps up threats of higher duties, citing China's purchase of Russian oil.

Yahoo Finance is chronicling the latest news and updates on Trump's tariffs.

Greer told CBS's Face the Nation on Sunday, however, that this would not be the case on the most recent round of tariffs. "A lot of these are set rates pursuant to deals. Some of these deals are ...