Trump UPS BRICS Tariff Ante
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President Donald Trump said at least seven countries can expect tariff letters on Wednesday morning, as he ramped up pressure on nations to strike deals with the United States by saying his new August 1 deadline would not be extended.
Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.
Markets are seeking clarity on President Trump's tariffs, with the president targeting Aug. 1 for new country-specific tariffs.
The Canadian Press on MSN3d
BRICS group condemns increase of tariffs in summit overshadowed by Middle East tensionsThe BRICS bloc of developing nations on Sunday condemned the increase of tariffs and attacks on Iran, but refrained from naming U.S. President Donald Trump. The group's declaration, which also took aim at Israel's military actions in the Middle East,
The United States' fresh warning came just a day after Trump said he was close to finalising a trade deal with New Delhi.
None of the countries targeted in the first batch of letters — the Philippines, Brunei, Moldova, Algeria, Libya, Iraq and Sri Lanka — is a major industrial rival to the United States.
The U.S. negotiating team seemed stretched too thin to score the trade concessions Trump expected would come at the end of the 90-day tariff reprieve.
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