The pause on the biggest of Trump's tariffs won't pass this week, as planned, but the problems they present still loom large.

Donald Trump added six more countries to his growing trade war list on Wednesday, releasing new tariff warning letters to the leaders of the Philippines, Brunei, Moldova, Algeria, Iraq, and Libya. The announcements were once again made by Trump through screenshots posted on Truth Social,

WASHINGTON: US President Donald Trump turned his trade ire against Brazil on Wednesday (Jul 10), threatening Latin America's largest economy with a punitive 50 per cent tariff on exports to the US and ordering an unfair trade practices investigation that could lead to even higher tariffs.

President Donald Trump has sent out tariff letters to seven smaller U.S. trading partners in his first batch of import tax announcements of the day.

The EU remains hopeful it will strike a deal to avoid steep levies Trump has threatened on its exports to the US.

It is a Great Honor for me to send you this letter in that it demonstrates the strength and commitment of our Trading Relationship,” Trump began each of the letters.

The European Union may be nearing a trade agreement with the United States but is struggling to obtain immediate tariff relief and a commitment not to introduce new measures, the head of the European Parliament's trade committee said on Wednesday.

The president also decided to send out letters as a way to keep the pressure up.

The European Union said it was working on sealing a trade deal with the United States by the end of the month, while U.S. President Donald Trump promised that he would deliver further tariff notices on unnamed countries on Wednesday.

Shares of European wine and spirits distillers were given a boost during overseas trading thanks to efforts by the European Union to seek an exemption from U.S. trade tariffs. Shares of Remy Cointreau SA (OTCPK:REMYF) (OTCPK:REMYY),