Trump says Canada trade deal would be very hard amid plans to recognise Palestinian state

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Besides this, he also says that "I don't care what India does with Russia" adding further criticism that India's tariffs are "too high". As a reminder, he is threatening to slap India with 25% tariffs and a trade deal looks dead in the water now. Trump goes on to say that "we have done very little business with India" and "they (India and Russia) can take their dead economies down together, for all I care".As for earlier, Trump announced that 50% tariffs on copper pipes and wiring would go into effect on Friday. And he also softened his stance a little on Brazil tariffs, by excluding sectors such as energy, aircraft, and orange juice from heftier levies.Trump also announced that the US will be imposing 15% tariffs on South Korea as both sides managed to strike an accord centered around shipbuilding.But perhaps the most important one is that White House confirmed that they will be suspending the 'de minimis' exemption. The clause previously allowed for low-value shipments into the US to not be charged with tariffs. But under the latest orders, any packages valued at or under $800 coming into the US will now face "all applicable duties" starting on 29 August. This article was written by Justin Low at investinglive.com.