INSUBCONTINENT EXCLUSIVE:
The United States is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July
9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1.Since taking office, Trump has set off a
global trade war that has roiled financial markets and sent policymakers scrambling to protect their economies, through efforts such as
deals with the United States and other countries.In April Trump unveiled a base tariff rate of 10% on most countries and additional duties
ranging up to 50%, although he later delayed the effective date for all but 10% until July 9
The new date offers countries a three-week reprieve.Trump, whose remarks to reporters on Sunday came just before his return to Washington
from a weekend golfing in New Jersey, had flagged the August 1 date earlier, but it was unclear if all tariffs would increase then.Asked to
would start delivering tariff letters from 12:00 pm ET (1600 GMT) on Monday.In a separate post, he rolled out a wholly new tariff policy,
tariff, with no exceptions to be granted.The first BRICS summit in 2009 was attended by leaders from Brazil, China, India and Russia, with
South Africa joining later while Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates were included last year.Trump
has close ties to leaders of some of those countries, such as Saudi Arabia and UAE, and has been touting the prospect of a trade deal with
India for weeks.On Sunday, BRICS leaders condemned attacks on Gaza and Iran, called for reforms to global institutions and warned that the
and other BRICS nations, however.Earlier on Sunday, U.S
adding that European Union talks had made good progress.Trump would also send letters to 100 smaller countries with which the United States
offering greater market access for U.S
farm and industrial goods and more purchases of U.S
energy and Boeing, opens new tab jets, Finance Minister Pichai Chunhavajira told Bloomberg News on Sunday.India and the United States are
likely to make a final decision on a mini trade deal in the next 24 to 48 hours, local Indian news channel CNBC-TV18 reported on Sunday,
with average tariffs of 10% on Indian goods shipped to the U.S., it said.Hassett told CBS News that framework agreements already reached
with Britain and Vietnam offered guidelines for other countries
We get to apply a significant tariff to Vietnamese exports
