Trump Announces Multiple Trade Deals, Tariffs with India, South Korea, Pakistan, Brazil

President Donald Trump is actively engaged in last-minute trade negotiations ahead of the August 1 tariff deadline, having announced new tariffs and multiple trade deals with countries including South Korea, Pakistan, Mexico, and Brazil. Trump imposed a 25% tariff on Indian goods and a 50% tariff on Brazilian products, citing concerns such as India's membership in the BRICS alliance and Brazil's human rights issues. Despite these tariffs, Trump indicated ongoing negotiations with India, South Korea, and other nations, emphasizing their desire to reduce trade barriers and make the United States 'extremely happy.' The administration also plans to end the de minimis trade exemption for low-value shipments starting next month. Trump highlighted agreements focusing on investment commitments and resource development, such as the partnership with Pakistan on oil reserves. Overall, the White House aims to address the U.S. trade deficit through these measures, although the number of deals announced falls short of earlier ambitious targets.