The Trump administration announced that some deals had been made with trading partners, and letters would be sent out on Monday notifying other countries of higher tariffs starting in August.

The president said the levy will apply to "any country aligning themselves with the Anti-American policies of Brics".

By Manuela Andreoni and Lisandra Paraguassu RIO DE JANEIRO (Reuters) -Developing nations participating in the BRICS summit on Monday brushed away an accusation from U.S. President Donald Trump that the bloc is "anti-American,

The twists and turns in U.S. President Donald Trump's tariff policies have not only rattled global financial markets but have also taken investors on a roller-coaster ride. Companies are counting the cost of the trade war that is now being estimated at more than $34 billion in lost sales and higher expenses,

Investors aren't expecting fireworks on the day of President Trump's tariffs deadline. The options market is pricing in a 0.6% move for the S&P 500, higher or lower, on Wednesday, according to Citi Global Markets data.

Wall Street is moving lower as the Trump administration steps up pressure on trading partners to make deals before a Wednesday deadline