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.

The twists and turns in U.S. President Donald Trump's tariff policies have not only rattled global financial markets but have also taken investors on a roller-coaster ride. Companies are counting the cost of the trade war that is now being estimated at more than $34 billion in lost sales and higher expenses,

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

Wall Street is moving lower as the Trump administration steps up pressure on trading partners to make deals before a Wednesday deadline