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Clock ticks on US tariff hikes as Trump broadens blitz

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Governments scramble to secure trade deals, with the US leader confirming no extension to the August 1 deadline.

WASHINGTON: Time is running short for governments to strike deals with Washington to avert tariff hikes that Donald Trump has vowed against dozens of economies – and the US president continues to expand his trade wars.

As the clock ticked down on a Friday deadline for higher levies to take effect on goods from various trading partners, Trump announced a trade deal with South Korea and separate duties on Brazilian and Indian imports.

He also signed an order Wednesday to impose previously-threatened 50% tariffs on certain copper products and end a tariff exemption for low-value shipments from abroad.

Tags:Brazil import dutiesconsumer price impactcopper products tariffEU trade pactglobal trade warIndian goods tariffsinflation trade warRussian arms penaltySouth Korea dealtariff deadline August


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