Carlos Gutierrez, former US Commerce Secretary, says any potential US-China trade deal will be a long-term one, and nothing like the 'mini' deals being settled with other US trading partners – adding that the issue of transshipments from Vietnam will be part of Trump's negotiations with China.

As US President Donald Trump wages a trade war across the globe, a new target has come into his line of fire: the BRICS group of emerging major economies.

European Commission President Ursula von der Leyen said that there needed to be a “genuine rebalancing” in the China-Europe relationship.

Elizabeth Economy of the Hoover Institution says Trump's tariffs policy has been 'political gamesmanship', with no real substance at this stage.

The letters listed a range of tariffs. Goods entering the U.S. from Japan, South Korea, Malaysia, Kazakhstan, and Tunisia will be subject to a 25 percent levy. There will be a 30 percent levy on South African and Bosnian goods, while imports from Indonesia will be subject to a 32 percent rate.

U.S. President Donald Trump said on Tuesday he would soon announce a 50% tariff on copper imports, which make up nearly half of the metal consumed in the country, as part of his bid to build up domestic production. The Reuters Tariff Watch newsletter is your daily guide to the latest global trade and tariff news. Sign up here.