The Latest Breaking News on Trump Tariff Letters Fire Shots At Japan, South Korea And More; S&P 500 Slides

Downing Street refused to say whether the government was confident that a deal to eliminate US tariffs on UK steel would be struck ahead of the deadline

Donald Trump's aggressive trade policy faces a critical week as the US president races to secure the bilateral deals he promised, ahead of a shifting deadline for re-imposing steep tariffs on dozens of economies.

Trump warns there will be no exceptions to policy on countries agreeing with Brics

Everyone expected Trump’s policies to damage the U.S. and global economy, but that damage keeps not appearing.

September S&P 500 E-Mini futures (ESU25) are down -0.34%, and September Nasdaq 100 E-Mini futures (NQU25) are down -0.53% this morning, starting the week on a downbeat note as uncertainty surrounding U.S. tariffs remains elevated ahead of the July 9th deadline to complete trade negotiations.

President says team will start sending trade partners letters with new tariff rates ahead of this week’s original 90-day deadline to make deal

US trade partners are racing to negotiate deals to avoid being slapped with steep tariffs from this week.

The US president warned that tariffs would return to their higher rates on 1 August, after the proposed 9 July deadline.

Most Asian markets fell Monday as countries fought to hammer out trade deals days before Donald Trump's tariff deadline, though investors took heart after he said the levies would not kick in until the start of next month.