TOKYO: Japanese Prime Minister Shigeru Ishiba will host US Treasury Secretary Scott Bessent on Friday (July 18), ahead of a Washington deadline to reach a trade deal or face new tariffs, Tokyo said Thursday (July 17).

The European Union is racing to clinch an agreement with the Americans before tariffs kick in on Aug. 1, even as President Trump has signaled he is in no rush.

Around 12% of EU exports to Indonesia and Vietnam could be in trouble after the US struck bilateral agreements with the two countries

The comments by the US president come as an Indian delegation arrived in Washington on Monday to discuss and finalise trade deals.

EU trade ministers met in Brussels to discuss 30% tariffs announced by President Donald Trump over the weekend.

US inflation heated back up in June, rising to its highest level in four months, as price increases — including those from tariffs — packed a bigger punch.

President Donald Trump and his supporters point to encouraging economic indicators to argue that concerns about his tariffs are overblown. Skeptics, however, say it’s too soon to declare that all’s well.

The United States is very close to a trade deal with India, while an agreement could possibly be reached with Europe as well, but it is too soon to say whether a deal can be agreed with Canada, President Donald Trump said in an interview aired on Real America's Voice on Wednesday.