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Trump: U.S. trade deals near, but BRICs nations may get extra tariff

Reuters · New
Reuters
Reuters
New

The United States is close to finalizing several trade pacts in the coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, though he later also flagged a new policy, saying BRICs nations could face an extra levy.

BreakdownGenerated by LeadStory AI
  • Trump says US is close to finalizing several trade deals and will notify countries of higher tariffs.
  • Commerce Secretary clarifies tariffs will take effect after the notification deadline. 22s
  • Trump announces a new policy: BRICS nations could face an extra 10% levy. 53s
  • It is unclear how the new BRICS policy will affect ongoing trade talks, including with India. 1m 3s
  • US officials suggest there may be flexibility for countries in active negotiations. 1m 40s
International PoliticsEconomy