Deals are in the offing for Thailand and Cambodia after they agreed to a ceasefire Monday, buttressing Trump’s goal of being seen as a global peacemaker. A deal with Taiwan was also being drafted as the two sides reached “a certain degree of consensus,” a spokesperson in Taipei said. Malaysian Prime Minister Anwar Ibrahim said Trump has told him he’ll announce a levy Friday.
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.
