President Trump is set to announce new trade deals and issue tariff warnings as countries race to avoid U.S. tariffs ahead of a revised August 1 deadline, according to Bloomberg. While some agreements are near, key partners like the EU and Japan continue negotiations. Trump also threatened a 10% tariff on nations aligning with BRICS. Market volatility returned amid renewed trade tensions.
President Donald Trump plans to announce trade deals and deliver tariff warnings on Monday, as countries negotiated through the weekend to avoid the highest punitive measures on their exports to the US before a Wednesday deadline.
The time line for the talks appeared to be reset after US officials signaled that trading partners will have until Aug. 1 before the tariffs kick in. That gives them the option of three more weeks for deal-making. […]
The Trump administration has stated for weeks that multiple accords are imminent, but so far only a limited framework with the UK, a truce with China and Trump’s brief outline of a pact with Vietnam have been announced.
Read more here.
