Trump first shared the letters sent to Japan's Prime Minister Shigeru Ishiba and South Korea's President Lee Jae-myung. Around two hours later, he announced similar letters were sent to Malaysia, Kazakhstan, South Africa, Myanmar and Laos.
China rejected Trump's threat of extra tariffs on BRICS supporters, calling BRICS a positive and inclusive force. Foreign Ministry spokesperson Mao Ning said China opposes trade wars and using tariffs as coercion, adding that arbitrary tariffs harm all parties and do not serve anyone's inter
Indian stock benchmarks closed their first day of the week with slight gains in the account, as investors remained cautious ahead of anticipated U.S. tariff announcements.
US President Donald Trump called the Texas floods a "100-year catastrophe" and said a Gaza hostage deal could happen this week. He plans to visit Texas on Friday and confirmed trade letters will go out Monday. He also dismissed Elon Musk's third-party idea as "ridiculous."
The world's largest contract chipmaker, Taiwan Semiconductor Manufacturing Company (TSMC), stated that the company's investments in the United States will not impact its existing projects elsewhere, as reported by Focus Taiwan.
Indian stock markets opened flat on Monday as investors stayed cautious ahead of the US tariff deadline. Uncertainty around US President Donald Trump's next move on trade policy has kept global investors on edge, with markets reacting to developments around the July 9 deadline.
The Finance Ministers and Central Bank Governors (FMCBG) of the BRICS nations have voiced "serious concerns" about the unilateral imposition of tariffs and non-tariff measures, in apparent reference to the US, which they deemed inconsistent with World Trade Organisation (WTO) rules.
The Finance Ministers and Central Bank Governors (FMCBG) of the BRICS nations have voiced "serious concerns" about the unilateral imposition of tariffs and non-tariff measures, which they deem inconsistent with World Trade Organisation (WTO) rules.