Trump Unleashes Flurry of Trade Announcements on Eve of Deadline

July 31, 2025, 9:05 AM UTC

Donald Trump unleashed a series of tariff deals and demands on the eve of his Friday deadline, including surprises on India and copper as the US president attempts to create a new global trade order.

Trump on Wednesday announced tariffs of 15% on imports from South Korea that matched the rate for neighbor Japan, and a painful 25% levy on imports from India that was accompanied by criticism of its purchases of Russian energy and weapons, pressuring Prime Minister Narendra Modi.

Deals are in the offing for Thailand and Cambodia after they agreed to a ceasefire Monday, buttressing Trump’s ...

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