President says team will start reaching out to trade partners with new tariff rates as 90-day pause ends this week

The United States is close to finalizing several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9, U.S. President Donald Trump said on Sunday, with the higher rates scheduled to take effect on August 1.

US exports account for third of Vietnam’s GDP and 40% tariff on so-called transshipments – products with Chinese input – means uncertainty for manufacturers.

The EU is entering a crunch week with only two days of talks left to secure a trade deal with Washinton to avert Donald Trump’s threatened 50% tariff on its imports into the US.

Time has run out for some US trade partners looking to make deals ahead of President Trump's July 9 deadline for tariffs to return to his originally proposed higher levels.

Electric car sales made up 21.6% of sales in first half of 2025, only just below the effective 22% share needed to meet rules

President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals.

With the dust far from having settled on this week’s U.S.-Vietnam trade agreement, one thing is clear: companies operating in what’s become one of the most vibrant Asian economies are on notice to move up the value chain.

Disagreements have remained regarding the United States imposing tariffs on Japanese automobiles.

ASEAN members seeking common ground with the USTR have offered to go on major ‘buy US’ sprees to cut their trade surpluses.