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Donald Trump threatens extra 10% tariff for ‘anti-American’ Brics policies, as trade war deadline approaches – business live

Rolling coverage of the latest economic and financial news, as Trump declares ‘tariff letters and/or deals’ will be delivered from 12:00 PM (Eastern) todayTrump and US commerce secretary say tariffs are delayed until 1 August, sparking confusionChina opposes tariffs being used as a tool to coerce others, the Chinese foreign ministry said on Monday, after Donald Trump threatened an extra 10% tariffs on countries aligning themselves with the BRICS group of developing nations.The use of tariffs serves no one, said Mao Ning, spokesperson of the ministry, at a regular press conference, Reuters reports.“Tesla needs Musk as CEO and its biggest asset and not heading down the political route yet again...while at the same time getting on Trump’s bad side.“It would also not shock us if the Tesla board gets involved at some point given the political nature of this endeavour depending on how far Musk takes it.” Continue reading...

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