The Trump administration announced that some deals had been made with trading partners, and letters would be sent out on Monday notifying other countries of higher tariffs starting in August.

By Manuela Andreoni and Lisandra Paraguassu RIO DE JANEIRO (Reuters) -Developing nations participating in the BRICS summit on Monday brushed away an accusation from U.S. President Donald Trump that the bloc is "anti-American,

President Donald Trump said in a Truth Social post that countries aligned with BRICS face an additional 10% tariffs.

Financial markets are on edge about higher import taxes, but White House officials say they anticipate “a lot of deals very quickly.”

Donald Trump's aggressive trade policy faces a critical week as the US president races to secure the bilateral deals he promised, ahead of a shifting deadline for re-imposing steep tariffs