In letters posted to his social media platform, Truth Social, Trump revealed that a 30% tariff will apply to goods imported from both the European Union and Mexico starting 1 August. The decision surprised many, as earlier reports had suggested the rate could be closer to 10%.

'Unfortunately, far from Reciprocal': Donald Trump slaps 30% tariffs on goods from the EU and Mexico

A steep drop in producer prices and sluggish consumer inflation signal growing strain on China economy, as trade tensions with the US mount and domestic stimulus efforts struggle to revive demand.

China faces deepening factory-gate deflation as trade war with US bites

Boeing June delivery surge, featuring renewed shipments to China and strong 737 MAX output, marks progress in its recovery, even as quality concerns and rivalry with Airbus persist.

Boeing delivers 60 jets in June, including 8 to China after tariff pause

Crude benchmarks retreat as markets weigh President Trump shifting trade strategy, a looming August 1 tariff deadline, strong US travel demand, OPEC+ output plans, and renewed geopolitical risks off Yemen.

Oil prices ease from two-week highs as markets await clarity on US tariffs

With Trump eyeing new tariffs on at least seven countries and signaling tough trade action on Japan, global markets react as the yen slips, bond yields climb, and currencies brace for heightened volatility.

Dollar strengthens against yen as Trump ramps up trade war rhetoric

As Trump targets imports from copper to pharmaceuticals and sets an August 1 deadline for tariff hikes, Treasury projects record revenue, but economists caution against long-term risks to growth and global trade stability.

US aims for $300 billion in tariff revenue this year, says Treasury Secretary

The tariff rollout is part of Trump’s “90 Deals in 90 Days” initiative, which initially aimed to secure trade deals by 9 July. However, after only two deals were announced by that deadline, Trump quietly moved the goalpost to 1 August through a fresh executive order.

‘No extensions, no change’: Trump says August 1 tariff deadline is final – Which countries are being hit and by how much?

As the US slaps a 35% tariff on Bangladeshi goods, Dhaka interim government seeks a compromise in Washington to avert economic fallout, amid mounting pressure on trade-driven employment and foreign reserves.

Bangladesh seeks deeper tariff cuts in talks with US as Trump imposes 35% levy

China has warned Asian nations against siding with the US in trade realignment efforts, as Washington reactivates steep tariffs on Chinese goods.

China threatens retaliation as Trump signals new tariff escalation

While the EU has yet to receive a formal US tariff letter, Brussels is negotiating targeted concessions to avoid steep duties on cars, aircraft, and key exports, as Trump’s aggressive trade push reshapes transatlantic economic ties.

EU avoids US tariff letter, eyes concessions in talks, sources say

Samsung Electronics warns of a steep Q2 profit decline, down 56% year on year, blaming US chip export controls to China and supply delays to Nvidia, with hopes pinned on a second-half recovery amid foundry and HBM chip headwinds.

Samsung flags sharp Q2 profit drop, blames US curbs on AI chip sales to China

Here is a quick reckoner of each country hit by Trump tariff letters, with the percentage of threatened tariff, what has now been announced, and the per cent of trade with the US.


Trump tariff letters sent out to 14 countries: How much is your country hit? Find out from these slides

Oil prices fell as Trump renewed tariff threats and OPEC+ production increases stirred demand uncertainty and supply concerns, weighing on market sentiment.

Oil prices fall as traders assess US tariff threats, OPEC+ supply boost

Facing 25% US tariffs and mounting political and economic pressure, Prime Minister Shigeru Ishiba vows to pursue a balanced trade deal with Washington, as auto sector tensions and upcoming elections complicate talks.

Japan vows to pursue US trade deal as Trump’s tariff deadline looms

Facing a record trade surplus and rising US pressure, South Korea new government intensifies talks with Washington to prevent steep tariffs, with hopes pinned on high-level diplomacy and a potential Lee-Trump summit.

South Korea races to secure US tariff deal before August 1 deadline

Gold slipped nearly 1% amid a firmer dollar and market anxiety over shifting US trade policies, though the metal remains up over 25% this year on safe-haven demand and geopolitical risks.

Gold slips with investors wary of US trade moves and firm dollar

With BRICS condemning US tariff policies and global trade tensions escalating, metal markets, previously buoyed by tight inventories and a weak dollar now confront growing volatility and downside risk.

Metals tumble as Trump threatens 10% tariff on BRICS-aligned nations

Brent and WTI crude fell sharply as OPEC+ announced a 548,000 bpd production boost for August, exceeding expectations and raising concerns over surplus and slowing demand in a volatile economic climate.

Oil prices slide as OPEC+ surprises with bigger August output hike

The dollar weakens against major currencies amid growing investor caution over Trump impending tariff hikes, with traders pricing in global trade disruption and market volatility.

Dollar sinks near multi-year lows as Trump’s tariff deadline looms

President Trump extends the tariff deadline, intensifying pressure on over 100 nations, including India and the EU to finalise trade deals or face renewed economic penalties.

Trump delays tariff hike to August 1, urges quick trade deals

As per the report, both countries have completed negotiations on the smaller deal, which is expected to carry an average tariff of around 10%. While the exact details have not been made public, officials believe it could serve as a foundation for a larger trade deal.

India-US to finalise 'mini trade deal' in next 24 hours: Can it help New Delhi avoid Trump’s ‘take it or leave it’ tariff letters?

With President Trump threatening 25% tariffs effective 1 August, South Korea economy is at risk. Trade Minister Yeo Han koo emphasized a framework for industrial cooperation, while the recent political shift adds urgency to re-establish negotiations and secure a favorable outcome.

South Korea urges US trade deadline extension as tariff threat looms

Federal Minister Mélanie Joly has confirmed talks with Rio Tinto on assistance, aiming to protect jobs and investments amidst rising US-Canada trade tensions over aluminium.

Canada may offer financial aid to aluminium producers if 50% US tariffs remain

From Asia to Latin America, governments and central banks are on alert as the US approaches a key tariff deadline, sparking fears of higher trade barriers, inflation pressures, and global slowdown.

Trump’s tariff ultimatum looms as 90-day reprieve ends, rattling global trade

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