U.S.-EU trade deal still up in air
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Trump said the U.S. will impose a 15% tariff on Japanese imports under the agreement, which he hailed as "maybe the largest deal in history."
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ABP News on MSNTrump Sets August 1 Deadline For Global Trade Deals; South Korea Races To Avoid Tariffs
US President Trump stated his administration aims to finalise most trade deals by August 1, potentially sending tariff letters to nearly 200 countries.
Pakistani Foreign Minister Ishaq Dar said his country was "very close" to a trade deal with the U.S., but officials in Washington did not mention any timeline.
That's down from the 25% levies he proposed earlier this month. Japan's prime minister says duties on autos from his nation will be cut to 15% from 25%.
German auto giant Volkswagen is feeling the effects of President Trump's tariff policy. An EU-US trade deal can't come soon enough for the Wolfsburg-based automaker.
India stays silent as US tariff deadline nears, favoring quiet diplomacy over public pressure in high-stakes trade talks.