With a crucial July 9 deadline nearing, Japan scrambles to secure a tariff exemption from the Trump administration amid rising tensions, aggressive US demands, and fears of economic fallout.

Japan confirms ‘in-depth’ talks with US as tariff deadline looms

Trump has put the trade talks in the hands of Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer. But according to the report, none of the three have much actual power, and they often seem to be working in different directions.

‘It’s all fake’: Trump’s trade war just for show? White House insider claims tariff threats are ‘theatrical game’

The tariffs are set to kick in from August 1, for countries who do not reach trade deals with the US before Trumps' July 9 deadline. The actual amount the US would get is still being debated. What are various estimates saying? Let's take a look.

$1 TRILLION for the US from tariffs every year? Trump claims so, but it's complicated. Here are best and worst projections

Several countries incuding India have been negotiating ease on tariffs or trade deals with the US ahead of the August 1 deadline. But in all likelihood, the tariffs will be implemented in some form or the other

LETTERS GO OUT FROM TODAY: Trump tariffs to kick in from August 1, some countries could get tariffs as high as 70 per cent

With US tariffs set to hit South Korean exports, President Lee Jae Myung voices doubts over reaching a deal in time, as Seoul scrambles to protect key industries and manage diplomatic ties with Washington.

US–South Korea tariff deal in doubt as Trump’s deadline approaches

Beijing issues a strong response to the new US–Vietnam trade agreement, accusing Washington of sidelining China and vowing to defend its trade interests, Bloomberg reports.

China warns of retaliation over US–Vietnam trade deal as tensions flare

China signals rare flexibility on WTO trade reforms, offering to discuss tariffs and subsidies, but insists its developing country status remains non-negotiable.

China says it’s ready to talk tariffs and subsidies with US at WTO

Britain retailers face renewed cost pressures from government policy, global disruptions, and climate impacts, fueling shop price inflation and challenging both households and the Bank of England economic goals.

UK shop prices climb as supermarkets face tax hikes and food cost surge

With a 10.8% plunge in H1 2025, the US Dollar Index faces its worst start in over 50 years, driven by tariff tensions, fiscal instability, and fading investor confidence in America economic policy direction.

Dollar slumps to 50-year low as Trump’s tariffs, Fed rift rattle markets

As Trump threatens steep tariff hikes on Japan and the EU, global trade tensions rise; key sectors like autos and agriculture hang in the balance with major deals at stake before the looming July 9 cutoff.

Trump threatens higher tariffs as US-Japan trade row deepens

As North American sales decline and excess inventory looms, Nike aims for a cleaner inventory by fiscal 2026 while pivoting sourcing away from China to rising costs in Vietnam and Indonesia. 

Will Trump-era tariffs make your next pair of Nikes more expensive?

Donald Trump said his administration will soon notify India and other countries about "what they have to pay" to continue trading with the United States "over the next week and a half or so". 

Trump says India and other countries will soon learn what 'they have to pay' to trade with US

Trade Minister Yeo Han-koo met with US officials, highlighting the urgency as a July 9 deadline approaches for potential tariff reinstatements. Yeo emphasized using negotiations to create a new framework for cooperation and turning the current crisis into an opportunity.

South Korea urges for 'mutually beneficial' trade deal with US to avert tariff threat

This followed US President Trump declaration of the deal being, although full details were not disclosed, with negotiations described as ongoing. 

China ‘confirms details’ of trade deal with United States: A timeline of 2025 tensions and talks

At a White House event, he hinted at a very big agreement on the horizon while emphasizing selective trade partnerships.

US–India trade deal: What’s inside Trump’s “very big” hint?

European Commission President Ursula von der Leyen presented a basic outline of the US offer, which seeks a more straightforward agreement rather than detailed sector by sector negotiations. 

EU leaders weigh US trade offer as tariff deadline looms

The deal encompasses China promise to restart shipments of rare earth minerals to the US, essential for numerous sectors. Trump highlighted the advantages of the agreement, but it still requires official authorization from President Xi Jinping. 

US-China trade truce: Trump says deal is ‘done’ as rare earth exports set to resume

Facing up to 29% US tariffs on exports, Pakistan pushes for zero-duty trade pact and deeper economic ties amid rising pressure on its fragile economy.

Pakistan races to finalise tariff deal with US as 90-day suspension deadline nears expiry

Amid Trump-led US tariff surge, Britain tightens trade defences and eyes redirected Chinese exports while expanding support for SMEs and services.

UK unveils trade plan to support exporters, guard against cheap imports

Markets jitter as Trump mulls replacing Fed Chair Powell; dollar weakens amid rising recession fears and fading US policy credibility.

Dollar hits 3-year low as Trump eyes Fed shake-up

The spike is partly due to exporters rushing to ship goods before anticipated tariffs are reintroduced in early July. 

Chinese ports activity is breaking records after trade truce with US: What happened?

As Trump pushes for lower rates and inflation risks persist, Fed officials clash over July rate cut prospects, exposing deep policy divisions ahead of Powell’s testimony.

Fed divided on rate cuts as Trump pressure, tariff inflation complicate outlook

Fed Chair Powell flags inflation risks from Trump sweeping tariffs as growth slows and unemployment rises, complicating the path for US rate cuts in 2025.

Fed holds rates as Trump tariffs threaten inflation shock: What it means for your money

Trump’s visit to Canada for the G7 Summit is his first since his re-election as president and repeatedly saying that he believes Canada should become the “51st state”. His remarks angered Canadians, many of whom boycotted American products and travel.

‘I’ve always been a tariff person,’ Trump says at G7 Summit press meet with Canadian PM

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Japan confirms ‘in-depth’ talks with US as tariff deadline looms

‘It’s all fake’: WH insider claims Trump’s tariff threats are ‘theatrical game’

$1 TRILLION per year for US from tariffs? Trump claims so, but it's complicated

Trump tariffs letters to go out from today, some countries to get 70pc rate!

US–South Korea tariff deal in doubt as Trump’s deadline approaches

China warns of retaliation over US–Vietnam trade deal as tensions flare

China says it’s ready to talk tariffs and subsidies with US at WTO

UK shop prices climb as supermarkets face tax hikes and food cost surge

Dollar slumps to 50-year low as Trump’s tariffs, Fed rift rattle markets

Trump threatens higher tariffs as US-Japan trade row deepens

Will Trump-era tariffs make your next pair of Nikes more expensive?

Trump says India, others will soon learn what 'they've to pay' to trade with US

South Korea urges for 'mutually beneficial' US trade deal to avert tariff threat

China ‘confirms details’ of trade deal with United States: A timeline of 2025 tensions and talks

US–India trade deal: What’s inside Trump’s “very big” hint?

EU leaders weigh US trade offer as tariff deadline looms

US-China trade truce: Trump says deal is ‘done’ as rare earth set to resume

Pakistan races to finalise tariff deal with US as 90-day suspension nears expiry

UK unveils trade plan to support exporters, guard against cheap imports

Dollar hits 3-year low as Trump eyes Fed shake-up

Chinese ports are breaking records after trade truce with US: What happened?

Fed divided on rate cuts as Trump pressure, tariff inflation complicate outlook

Fed holds rates as Trump tariffs threaten inflation shock

‘I’m a tariff person. I’ve always been a tariff person,’ Trump says at G7 Summit