President Donald Trump said his administration will notify countries by 9 July of new U.S. tariff rates, as trade talks with key partners enter their final days ahead of a 1 August implementation deadline.
Despite promising to finalise 90 trade deals in 90 days, Trump has so far concluded only a limited agreement with the UK and a preliminary deal with Vietnam. Talks with other major trading partners remain unresolved, though The White House says progress is being made.
European Union
Talks with the 27-member European Union have yet to reach a breakthrough. A proposed 17% U.S. tariff on agricultural exports remains a major sticking point, alongside EU demands for exemptions on pharmaceuticals, semiconductors, and auto parts. Brussels has signalled willingness to accept a universal 10% tariff if sector-specific duties are lifted and existing tariffs on steel and autos are reduced.
Japan
Japan continues discussions amid U.S. pressure to import more rice and oil. Commerce Secretary Howard Lutnick and Japan’s Ryosei Akazawa held talks last week, but Trump said Japan could still receive a tariff notice, with rates possibly reaching 35%.
India
A long-promised trade deal remains elusive. India faces 26% U.S. tariffs and is resisting calls to open its agriculture and dairy markets. On Friday, New Delhi filed a complaint at the World Trade Organization (WTO) over a separate 25% tariff on auto parts, affecting $2.89 billion in exports.
Indonesia
Indonesia has offered to cut duties and import $500 million in U.S. wheat to avert a 32% tariff. Jakarta has also eased import licensing rules and plans a $34 billion aircraft and investment deal with U.S. firms this week.
South Korea
Despite low tariffs under an existing free-trade agreement, South Korea seeks a deadline extension. Its national security adviser is in Washington for talks, which also cover foreign exchange policy and defence cost-sharing for U.S. troops stationed on the peninsula.
Thailand
Bangkok is offering to increase U.S. imports of energy and aircraft to avoid a 36% tariff. Proposed concessions include market access for U.S. corn and industrial goods, as well as Thai investment projects aimed at creating American jobs.
Switzerland
Facing a possible 31% tariff, Switzerland is offering greater access for U.S. seafood and citrus while seeking assurances on pharmaceuticals, with major Swiss firms like Roche and Novartis heavily invested in the U.S.
Trump has said formal tariff notifications will be issued by 9 July, with rates taking effect on 1 August unless new deals are struck.
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A Russian drone attack on Ukraine’s southern Odesa region has damaged an oil depot belonging to Azerbaijan’s state oil company, SOCAR, and left four people injured, industry sources told Reuters.
During President Ilham Aliyev’s visit to Washington, officials from Azerbaijan and the United States discussed expanding economic collaboration and boosting strategic innovation partnerships.
Belarusian President Alexander Lukashenko stated in an interview published on Friday that he has no intention of seeking another term in office and dismissed claims that he is preparing his son to take over leadership.
Drone attacks continue to haunt communities around Kyiv. Overnight, Russian forces launched another wave of drones at the Kyiv region, hitting the Bucha district. Fires broke out and several homes were damaged. Local authorities say three women, aged 16, 56, and 80, were injured.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Belarusian President Alexander Lukashenko stated in an interview published on Friday that he has no intention of seeking another term in office and dismissed claims that he is preparing his son to take over leadership.
China’s President Xi Jinping told Russian leader Vladimir Putin that Beijing will continue promoting peace talks on Ukraine, regardless of how the situation unfolds.
Drone attacks continue to haunt communities around Kyiv. Overnight, Russian forces launched another wave of drones at the Kyiv region, hitting the Bucha district. Fires broke out and several homes were damaged. Local authorities say three women, aged 16, 56, and 80, were injured.
Polish Prime Minister Donald Tusk said on Friday that a pause in the conflict in Ukraine may be approaching, following a conversation with Ukrainian President Volodymyr Zelenskyy.
Canadian Prime Minister Mark Carney is working urgently to mend strained ties with Mexico, after relations collapsed late last year when Canadian officials indicated a preference for pursuing a U.S. trade deal without Mexico.
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