Mr Trump’s spokesperson, Karoline Leavitt, bolstered his reputation as an ungracious winner after Mr Carney’s concession. “It’s very simple: Prime Minister Carney and Canada caved to President Trump and the United States of America.”

Brazilian President Lula da Silva vowed to trigger Brazil's reciprocity law if negotiations with the U.S. fail.

Former US trade negotiator Wendy Cutler said that Trump's recent moves 'underscore the growing unpredictability, incoherence and assertiveness' of his trade policies

President Donald Trumpramped up his tariff assault on Canada on Thursday, saying the U.S. would impose a 35% tariff on imports next month and planned to impose blanket tariffs of 15% or 20% on most other trading partners.

Treasury Secretary Scott Bessent told a room full of billionaires in Sun Valley that President Donald Trump shares a personality trait with his former boss, the famously liberal financier George Soros: Both are impatient when working on high-stakes deals.

President Donald Trump has announced that the European Union and Mexico will face a 30% tariff on imports to the US from 1 August. He warned he would impose even higher import taxes if either of the US trading partners decided to retaliate.