Tariff Letters Roll Out To Start By Noon; BRICS Allies Face 10% Extra Tariff Says Trump

President Donald Trump plans to announce trade deals and deliver tariff warnings on Monday, as countries negotiate to avoid punitive measures on their exports to the US before a Wednesday deadline.

The European Union says progress has been made toward securing a deal, and Germany continues to support the Commission’s strategy in negotiations with the US, with time running out to reach an accord.

Trump is flexing his tariff authority to pursue domestic economic gains and taunt geopolitical rivals, with a 10% import tax threatened on countries aligning with BRICS, and trade deals expected to be announced with 18 major trading partners.

Source: Bloomberg