Live updates: Trump's stumbling blocks ahead of tariff deadlines
"Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them. Oh' Canada!!!" Trump said.
Trump has made a flurry of deals with America's trading partners as his Aug. 1 deadline approaches, including agreements with South Korea and Pakistan and a trade pact with the European Union. Other countries that are currently paying a baseline tariff of 10% and have not entered into a separate arrangement with the United States may see their fees go up.
Here's where Trump's tariffs and trade negotiations stand:
In a July 30 executive order hiking tariffs on Brazil to 50%, he cited the nation's prosecution of former Brazilian president, Jair Bolsonaro, as a reason for higher import fees on some goods. The order moved an earlier deadline for the tariffs to go into effect to Aug. 6.
He said that Bolsonaro, who's charged with plotting a coup, had been "politically persecuted." The administration also sanctioned the judge in the case in a separate action on the same day.
Trump blasted India for purchasing Russian oil, which has helped to prolong Vladimir Putin's war against Ukraine. He said in a social media post that he'd hit India with a 25% tariff.
He also took aim at the country's participation in the BRICS economic group. The club rivals the Group of Seven economic alliance for advanced economies and includes Russia, Brazil, China and South Africa.
In an overnight post on social media, Trump hit India again -- and needled former Russian President Dmitry Medvedev.
More: Trump's trade talks intensify with tariff deadline fast approaching
"I don't care what India does with Russia. They can take their dead economies down together, for all I care. We have done very little business with India, their Tariffs are too high, among the highest in the World," Trump wrote. "Likewise, Russia and the USA do almost no business together. Let's keep it that way, and tell Medvedev, the failed former President of Russia, who thinks he's still President, to watch his words. He's entering very dangerous territory!"
Medvedev had previously issued a sharp warning to Trump over his threats to put steep tariffs on purchasers Russian oil.
"Each new ultimatum is a threat and a step towards war. Not between Russia and Ukraine, but with (Trump's) own country," the former Russian president said.
Trump's administration has continued negotiate with China, and Treasury Secretary Scott Bessent said in a July 31 interview with CNBC that the United States' believes a deal is close at hand.
"I believe that we have the makings of a deal," Bessent said.
Bessent was expected to update Trump on the status of negotiations later in the day. China faces an Aug. 12 deadline to reach an agreement with the United States.
The tariffs will also face a key legal test this week as the U.S. Court of Appeals hears arguments in a case challenging Trump's authority to tap into emergency powers to impose unilateral tariffs.
"If our Country was not able to protect itself by using TARIFFS AGAINST TARIFFS, WE WOULD BE "DEAD," WITH NO CHANCE OF SURVIVAL OR SUCCESS," Trump said on social media ahead of oral arguments.
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