President Donald Trump said Wednesday that he had “pretty much” finalized the details of a trade deal with South Korea that is expected to bring hundreds of billions of dollars in investments into the United States. 
Trump’s announcement came after he arrived in South Korea to attend the Asia-Pacific Economic Cooperation (APEC) summit. The regional economic forum will be the last stop on Trump&#8217;s trade-focused Asia tour before he returns to the United States. 
“We had a tremendous meeting today with South Korea,” Trump said. “Pretty much finalized a trade deal, and we discussed some other things having to do with national security, etc. And I think we came to a conclusion on a lot of very important items.”
<blockquote class="twitter-tweet">
.<a href="https://twitter.com/POTUS?ref_src=twsrc%5Etfw">@POTUS</a>: &#8220;We had a tremendous meeting today with South Korea — with lots determined&#8230; We pretty much finalized a trade deal and we discussed some other things having to do with national security.&#8221; <a href="https://t.co/I3KWsgAhFf">pic.twitter.com/I3KWsgAhFf</a>
— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1983492447146533227?ref_src=twsrc%5Etfw">October 29, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Under the terms of the agreement, South Korea is <a href="https://www.cnbc.com/2025/10/29/trump-announces-trade-breakthrough-with-south-korea-on-asia-trip.html" target="_blank" rel="noopener">expected</a> to invest a total of $350 billion in the United States, including $200 billion in cash and $150 million in shipbuilding. Tariffs on cars will also be slashed from 25% to 15%, according to South Korean officials. 
Upon his arrival in South Korea, Trump was given a series of elaborate gifts by officials, including a replica golden crown and a laurel leaf medal. 
Later, during a dinner with officials, Trump spoke about the rocky relationship between North and South Korea. 
&#8220;I won&#8217;t forget the trip and we&#8217;ll be working together and you have a little bit of a cloud over your country, and we&#8217;re going to get that cloud solved. You have a neighbor that hasn&#8217;t been as nice as they could be, and I think they will be. I know Kim Jong Un very well, and I think things will work out very well.&#8221;
Trump said he was open to meeting Kim during the trip, but the North Korean dictator has so far declined to engage.
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Trump’s meeting with South Korea comes ahead of a much-anticipated Thursday meeting with Chinese President Xi Jinping. 
“We&#8217;ve been talking a lot over the last month, and I think we&#8217;re going to have something that&#8217;s going to be very, very satisfactory to China and to us. I think we&#8217;re going to have… I think it&#8217;s going to be a very good meeting. I look forward to it tomorrow morning,” Trump said. 
Trump echoed those remarks on Truth Social, saying his Asia trip would bring back trillions of dollars to the United States and that his meeting with Xi would be “great” for both nations. 
Earlier this month, Trump threatened to cancel his planned meeting with Xi after he accused China of taking “very hostile” actions on trade.

SKOREA-POLITICS-APEC

Trump’s Asia Tour Delivers: South Korea Deal ‘Pretty Much Finalized,’ China Talks Next

China

Donald Trump

Economy

Executive

North Korea

Politics

South Korea

trade

TOKYO — Long associated with American ruggedness, pickup trucks such as Ford&#8217;s top-selling F-150 have now become a symbol of international trade talks, showing how far countries such as Japan will go to win over U.S. President Donald Trump.
When Trump met Japan&#8217;s new prime minister and first female premier, Sanae Takaichi, in Tokyo on Tuesday, an F-150 was parked prominently outside the Akasaka Palace venue.
Burly U.S. pickup trucks are a rare sight in the Japanese capital, where the streets are narrow and turns can be tight.
But the placement of the F-150, which is not typically available for sale in Japan, sent a clear message about Tokyo&#8217;s willingness to buy more cars from its ally, an issue that has been a sticking point for Trump for decades.
Last week, Reuters reported that Takaichi&#8217;s government was working on a package to buy F-150 trucks, an idea originally floated by Trump, as well as soybeans and gas.
&#8220;Well, that&#8217;s great. She has good taste,&#8221; Trump told reporters on Air Force One, when asked about the report. &#8220;That’s a hot truck.&#8221;
In August, Trump said Japan was ready to purchase the &#8220;very beautiful&#8221; F-150.
It was not clear how many F-150s Japan planned to buy.
Japanese government sources have told Reuters the trucks would probably end up being used as snow plows, given their size.
Japan and Europe, Trump has often argued, refuse to accept U.S. cars even as Japanese and European automakers sell millions of their vehicles each year in the United States.
The F-150 won&#8217;t be the first American car brought in to Japan to help ease trade friction. Three decades ago, Toyota responded to U.S. pressure by selling a mid-sized General Motors car under its own brand in Japan.
The Toyota Cavalier was introduced with much fanfare, sold poorly, and quietly faded after a few years, said John Shook, a former Toyota manager and an auto industry veteran in both Japan and the United States.
A third of the 3.7 million new cars sold in Japan last year were mini or &#8220;kei&#8221; cars, tiny vehicles that are not produced by American automakers.
Foreign cars accounted for 6% of new car sales overall, with European brands among some of the top sellers, industry data showed, while Ford itself pulled out of Japan almost a decade ago.
Separately, Trump said Toyota would open auto plants in the United States to the tune of $10 billion.
A Toyota spokesperson was not immediately available to comment on Trump&#8217;s remarks.
(Reporting by Trevor Hunnicutt and David Dolan; Additional reporting by Maki Shiraki; Editing by Clarence Fernandez and Ros Russell)

A Ford F-150 and a Toyota pickup truck are parked outside of Akasaka Palace, in Tokyo

Trump’s ‘Hot Truck’ Becomes Symbol Of Japan Trade Talks

Ford Motor Co.

Japan

Tariffs

The Trump administration and Japan reached a deal on rare earth minerals on Tuesday and unveiled a list of projects included in a $550 billion investment proposal stemming from a July trade agreement.
The rare earth deal, which President Donald Trump signed alongside Japanese Prime Minister Sanae Takaichi, establishes a mutual stockpiling arrangement and stipulates that the United States and Japan will cooperate with international partners to protect the supply chain, Reuters <a href="https://www.reuters.com/world/asia-pacific/trump-takaichi-agree-rare-earth-critical-minerals-supply-2025-10-28/">reported</a>. Trump has been pushing to better secure the rare-earth supply chain and cut into China&#8217;s stranglehold over rare-earth minerals.
Along with the rare-earth deal, the United States and Japan released a list of proposed projects to boost Japanese investment in the U.S. economy. Commerce Secretary Howard Lutnick <a href="https://x.com/RapidResponse47/status/1983119054983287061">said</a> at a press conference alongside Trump on Tuesday that the proposals &#8220;are driven by the Japanese strategic investment initiative, which was created by [Trump&#8217;s] tariff policy and by [Trump&#8217;s] historic trade agreement with Japan.&#8221;
Lutnick added that the initial investment totals $490 billion, which he called the &#8220;launch phase,&#8221; Bloomberg <a href="https://www.bloomberg.com/news/articles/2025-10-28/trump-hails-japan-alliance-offers-takaichi-anything-you-want">reported</a>. After the &#8220;launch phase,&#8221; more projects would then be considered for the total $550 billion project. The proposed Japanese investments were a key part of the U.S.-Japan trade deal agreed upon in July, when President Trump lowered tariffs on Japanese auto imports from 27.5% to 15%, and in exchange, Japan <a href="https://www.nytimes.com/2025/10/26/business/japan-investment-trump-tariffs.html">agreed</a> to invest $550 billion in the United States.
The two allies announced numerous investment projects spanning energy and critical minerals, as well as artificial intelligence development. Among the proposed projects is a plan to invest up to $100 billion for the construction of nuclear reactors and small modular reactors in the United States. That proposal would involve the American manufacturing company Westinghouse and include the &#8220;involvement of Japanese suppliers and operators, such as Mitsubishi, Heavy Industries, Toshiba Group, and IHI,&#8221; according to a Japanese government <a href="https://www.meti.go.jp/press/2025/10/20251028002/20251028002-a.pdf">handout</a>. Another $100 billion energy proposal would build more small modular reactors in the United States with some investment from Japanese companies.
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“These are great companies, many of them household names — that you would expect — that are going to build infrastructure and improve the national economic security of the United States,” said Lutnick.
President Trump also <a href="https://x.com/RapidResponse47/status/1983080708055900442">said</a> that Toyota planned to invest more than $10 billion in U.S. auto plants. During a speech to U.S. troops in Japan, Trump said, &#8220;I was just told by the prime minister that Toyota is going to be putting auto plants all over the United States to the tune of over $10 billion.&#8221;
&#8220;And that&#8217;s a lot to do with because we have all the AI plants, we have so many things happening in the United States,&#8221; Trump added. &#8220;And it&#8217;s because of November 5th election day, but it&#8217;s also because of tariffs.&#8221;
The Toyota investment was not mentioned in the government fact sheet released on Tuesday.
Other investment proposals mentioned included a $30 billion proposal for Mitsubishi Electric to supply generators, transmission, and distribution systems, as well as equipment for AI data centers. A $15 million proposal included Panasonic supplying &#8220;energy storage systems, and other electronics, to contribute to strengthening supply chains in the U.S.&#8221;
The major U.S.-Japan announcements on Tuesday come just two days before Trump is expected to meet with Chinese Communist Party leader Xi Jinping in South Korea, a meeting Trump hopes will lead to a trade deal.

President Trump Meets With Prime Minister Of Japan

More Trump Trade Wins: U.S. And Japan Strike Rare Earth Pact, Announce Strategic Investment Deal

Energy

Global Politics

Howard Lutnick

rare earth minerals

President Donald Trump said Monday that he would consider extending his Asia trip to meet with North Korean dictator Kim Jong Un.
Speaking to reporters on board Air Force One, Trump said that he would “love” to meet with Kim. Trump is currently in Japan and is set to end his Asia trip with a visit to South Korea. Trump first floated the possibility of meeting with Kim before departing on Friday for a five-day trip to Asia that has focused on trade. 
“I haven’t mentioned it. I haven’t said anything, but I’d love to meet with him if he’d like to meet. I got along great with Kim Jong Un. I liked him. He liked me. If he wants to meet, I’ll be in South Korea,” Trump said when asked if he had any plans to meet with Kim. 
If they did have a meeting, Trump suggested they would discuss sanctions. 
“Well, we have sanctions. It’s pretty big. I would say that&#8217;s about as big as you get,” Trump said. “I just had a good relationship with him. I would love to see him if he wants to, if he even gets this message. We haven&#8217;t mentioned that, but he knows I&#8217;m going over there. If he&#8217;d like to meet, I&#8217;d love to meet him.”
In September, Kim <a href="https://www.washingtonpost.com/politics/2025/10/27/trump-asia-trip/">reportedly</a> said that he would meet with Trump if “the U.S. drops its hollow obsession with denuclearization.”
During his first term, Trump became the first president to cross into North Korea’s demilitarized zone and meet with Kim to discuss the communist country&#8217;s nuclear program. He met with Kim on two other occasions. 
Last month, Trump <a href="https://www.dailywire.com/news/trump-accuses-china-of-plotting-against-us-as-xi-flexes-military-power-alongside-putin?author=Leif+Le+Mahieu&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=Trump+Accuses+China+Of+Plotting+Against+US+As+Xi+Flexes+Military+Power+Alongside+Putin">accused</a> North Korea of conspiring with Russia and China against the United States after Kim attended a massive Chinese military parade alongside Russian President Vladimir Putin and Chinese President Xi Jinping. 
“May President Xi and the wonderful people of China have a great and lasting day of celebration,” Trump said on Truth Social. “Please give my warmest regards to Vladimir Putin, and Kim Jong Un, as you conspire against The United States of America.”
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While in South Korea, American officials will finalize the details of a trade agreement. Treasury Secretary Scott Bessent said Monday that the overall framework of a deal with South Korea was in place and that the final details were being worked out. 
U.S. Trade Representative Jamieson Greer said the talks were focusing on removing non-tariff barriers to trade imposed by South Korea. South Korea is also expected to invest heavily in American shipbuilding. 
“We&#8217;re very much involved in getting the shipbuilding going again, which really we should have never lost years ago,&#8221; Trump said. &#8220;We were number one.&#8221;

VIETNAM-US-NKOREA-DIPLOMACY-SUMMIT

Trump: ‘I’d Love’ Another Sit-Down With North Korea’s Kim Jong Un

Kim Jong Un

Nuclear

TOKYO — Conservative Sanae Takaichi was elected Japan&#8217;s first female prime minister on Tuesday, shattering a political glass ceiling for women and setting the country up for a decisive turn to the Right.
An acolyte of former Prime Minister Shinzo Abe and an admirer of Britain&#8217;s Margaret Thatcher, Takaichi is expected to return to Abe-style government stimulus as she attempts to jumpstart an economy struggling with slow growth and rising prices. Her victory marks a pivotal shift in a country where men hold overwhelming sway, yet she named just two women to her cabinet.
Takaichi is likely to make a sharp turn to the Right on immigration and defense, reflecting the broader rightward shift in global politics. In her first press conference, she promised to work tirelessly to restore Japan&#8217;s economic might, and deepen the relationship with the United States under President Donald Trump.
&#8220;I am determined to deliver results for the nation, to build a strong Japan and to never give up,&#8221; she said.
&#8220;I also plan to meet President Trump at an early date to elevate the Japan-U.S. relationship to new heights,&#8221; she said.
Her victory was secured after her Liberal Democratic Party, which has governed Japan for most of postwar history, agreed on Monday to form a coalition with the right-wing Japan Innovation Party, known as Ishin.
Together, the parties are two seats short of a majority in the lower house. For Takaichi to be successful, she will need to find ways to cooperate with opposition lawmakers, said Tadashi Mori, a professor of politics at Aichi Gakuin University.
“The two parties do not command a majority in either chamber and to ensure a stable government and gain control of key parliamentary committees, they will need to secure more than half the seats,” he said.
Takaichi named just two women to her cabinet: Fellow Abe disciple Satsuki Katayama becomes the country&#8217;s first female finance minister, while Kimi Onoda becomes economic security minister.
In her leadership campaign, she promised to boost the number of women in the cabinet to match socially progressive Nordic countries. But while the percentage of female ministers in Nordic governments ranges from Denmark&#8217;s 36% to Finland&#8217;s 61%, under Takaichi, women will make up only 16% of Japan&#8217;s cabinet, including her.
Takaichi takes over when Japanese politics appears more fractured than at almost any other time in recent memory, thanks in part to the rise of the smaller, hard-right Sanseito Party, which has siphoned voters away from the LDP.
Sanseito chief Sohei Kamiya said that both national politics and the LDP had been on a leftward drift since the assassination of former premier Abe in 2022. Takaichi, he told broadcaster NHK, could possibly reverse that.
&#8220;While we won’t hesitate to oppose her when necessary, we intend to maintain a friendly working relationship,” he said.
The LDP&#8217;s former coalition partner, the more moderate Komeito, broke up their 26-year-old alliance this month after the LDP chose the right-wing Takaichi as new leader.
Takaichi&#8217;s endorsement of Abe-style fiscal stimulus has prompted a so-called &#8220;Takaichi trade&#8221; in the stock market, sending the Nikkei share average to record highs, the most recent hit on Tuesday. However, it has also caused investor unease about the government&#8217;s ability to pay for increased spending when the debt load exceeds annual output. Both the yen and bond prices have weakened as a result.
Some analysts say Ishin, which has advocated for budget cuts, could restrain some of Takaichi&#8217;s spending ambitions.
Takaichi has said defense and national security would be core pillars of any administration she led.
A frequent visitor to the Yasukuni war shrine in Tokyo, which some Asian neighbours view as a symbol of wartime aggression, Takaichi has also called for a revision of Japan’s postwar pacifist constitution to recognize the existence of the nation’s military forces.
Rising political star Shinjiro Koizumi will serve as defense minister, while veteran lawmaker Toshimitsu Motegi will be foreign minister.
Takaichi was sworn in as Japan&#8217;s 104th prime minister on Tuesday evening, succeeding Shigeru Ishiba, who last month announced his resignation to take responsibility for election losses.
(Reporting by Mariko Katsumura, Tim Kelly, Kantaro Komiya, Yoshifumi Takemoto, Satoshi Sugiyama and Kentaro Okasaka; Writing by David Dolan; Editing by Kate Mayberry and Hugh Lawson)

Japanese lawmakers vote to elect the new prime minister, in Tokyo

In Historic Win, Conservative Sanae Takaichi Becomes Japan’s First Female Prime Minister

conservative

Sanae Takaichi

Stellantis, one of the “Big Three” American automakers, announced on Tuesday that it is changing course on plans to manufacture a Jeep model in Ontario, Canada, as the company focuses on expanding production in the United States.
Stellantis previously planned to produce its Jeep Compass at the Brampton Assembly Plant in Ontario, but its new focus on U.S. investment will move production to the United States, as the company plans to reopen a plant in Belvidere, Illinois, CBC <a href="https://www.cbc.ca/news/canada/windsor/stellantis-jeep-compass-canada-9.6938834">reported</a>. The Michigan-based company aims to “invest $13 billion over the next four years to grow its business in the critical United States market and to increase its domestic manufacturing footprint.”
“The investment is the largest in the company’s 100-year U.S. history and will support the introduction of five new vehicles across the brand portfolio in key segments; production of the all-new four-cylinder engine; and the addition of more than 5,000 jobs at plants in Illinois, Ohio, Michigan, and Indiana,” Stellantis <a href="https://www.stellantis.com/en/news/press-releases/2025/october/stellantis-to-invest-13-billion-to-grow-in-the-united-states">said</a>.
The move comes as President Donald Trump’s tariffs continue to punish American automakers that manufacture vehicles and parts abroad to sell in the American market. Canadian leaders voiced their frustration with Stellantis’ decision, with Canadian Prime Minister Mark Carney <a href="https://x.com/MarkJCarney/status/1978278995637551208">saying</a> the move is a “direct consequence of current U.S. tariffs and potential future U.S. trade actions.”
Trump met with Carney at the White House last week, and the two leaders discussed trade and tariff policies. After his visit, Carney’s office touted his nation’s trade relationship with the United States, <a href="https://www.pm.gc.ca/en/news/news-releases/2025/10/08/prime-minister-carney-concludes-visit-washington-dc">saying</a>, “Canada currently has the best trade agreement of any U.S. trading partner, with 85% of Canada-U.S. trade now tariff-free, and our cooperation is further improving border security.”
The Brampton, Ontario, plant has been shut down since 2024 to focus on repurposing the factory to manufacture the next-generation electrified Jeep Compass. After Trump imposed his auto tariffs, the company paused its retooling effort at the Brampton plant.
Unifor, the trade union that represents many Canadian auto workers, argued that auto jobs in Canada “are being sacrificed on the Trump altar.”
“Stellantis cannot be allowed to renege on its commitments to Canadian workers, and governments cannot stand by while our jobs are shifted to the United States,” said Unifor National President Lana Payne.
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Ontario Premier Doug Ford, who has strongly criticized President Trump over the tariffs, said in a Wednesday morning X <a href="https://x.com/fordnation/status/1978416009871605906">post</a> that he talked to Stellantis “to stress my disappointment with their decision to prioritize investment into the U.S.” He added, “This decision is especially painful for those workers who have been out of jobs for months.”
Earlier this year, as part of Trump’s wide-ranging trade policy, the Trump administration <a href="https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-adjusts-imports-of-automobiles-and-automobile-parts-into-the-united-states/">imposed</a> a 25% tariff “on imports of automobiles and certain automobile parts,” arguing that the move was necessary to address “a critical threat to U.S. national security.” Multiple American and foreign automakers responded to the tariff policy by announcing plans to increase production in the United States.
In May, General Motors <a href="https://www.dailywire.com/news/general-motors-to-cut-back-on-manufacturing-at-canada-plant-over-trump-tariff">said</a> it would cut back production at a truck plant in Oshawa, Ontario, due to Trump’s tariffs taking effect. GM said a month earlier that it planned to ramp up production of light-duty trucks at its assembly plant in Fort Wayne, Indiana.

Trump/Carney/Stellantis

Auto Giant Ends Canadian Jeep Production, Brings Jobs Back To America

Auto Companies

Business

Canada

Jeep

Mark Carney

President Donald Trump said Friday that his planned meeting with Chinese President Xi Jinping might be canceled following what he called “very hostile” trade actions by Beijing.
In a lengthy Truth Social post, Trump said that China was sending letters to countries around the world, threatening to impose export controls on rare-earth minerals. 
“Some very strange things are happening in China! They are becoming very hostile, and sending letters to Countries throughout the World, that they want to impose Export Controls on each and every element of production having to do with Rare Earths, and virtually anything else they can think of, even if it’s not manufactured in China,” Trump said. 
Trump said he had been contacted by other countries that were “extremely angry” about the export restrictions China rolled out on Thursday.
The president added that his meeting with Xi at the upcoming Asia-Pacific Economic Cooperation (APEC) meeting in South Korea later this month might not occur due to China’s actions. 
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“Things that were routine are no longer routine at all. I have not spoken to President Xi because there was no reason to do so. This was a real surprise, not only to me, but to all the Leaders of the Free World. I was to meet President Xi in two weeks, at APEC, in South Korea, but now there seems to be no reason to do so,” Trump said. 
Trump called China’s move “surprising,” saying the two countries had maintained a “very good” relationship over the past six months. Last month, Trump <a href="https://www.dailywire.com/news/trump-says-tiktok-will-be-american-operated-all-the-way-under-new-deal?author=Leif+Le+Mahieu&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=Trump+Says+TikTok+Will+Be+‘American-Operated+All+The+Way’+Under+New+Deal">thanked</a> Xi for supporting a deal to make TikTok American-owned. 
“I have always felt that they’ve been lying in wait, and now, as usual, I have been proven right! There is no way that China should be allowed to hold the World &#8216;captive,&#8217; but that seems to have been their plan for quite some time,” Trump said. 
Trump added in his post that he would take financial countermeasures if China continued to move forward with the export restrictions. He said that for every element China tried to monopolize, the United States would have two. He also noted that there may be additional tariffs imposed on Chinese goods. 
“Ultimately, though potentially painful, it will be a very good thing, in the end, for the U.S.A. One of the Policies that we are calculating at this moment is a massive increase of Tariffs on Chinese products coming into the United States of America. There are many other countermeasures that are, likewise, under serious consideration,” Trump said.

MixCollage-10-Oct-2025-11-15-AM-692

Trump Warns China Over ‘Hostile’ Actions, Xi Meeting In Jeopardy

Xi Jinping

The Trump administration on Monday cracked down on companies in China and other countries that use subsidiaries or other foreign affiliates to get around curbs on chipmaking equipment and other goods and technology.
The Commerce Department issued a new rule expanding its restricted export list, known as the Entity List, to automatically include subsidiaries owned 50 percent or more by a company on the list, according to a posting in the U.S. Federal Register. The action greatly increases the number of companies that require licenses to receive American goods and services.
The rule is likely to disrupt supply chains. It will also make it more difficult for companies to determine whether exports to a customer or supplier are restricted. According to the rule, certain transactions may be allowed for 60 days.
China&#8217;s Commerce Ministry strongly criticized the rule.
&#8220;This move by the U.S. is extremely egregious in nature,&#8221; the ministry said in a statement. &#8220;It seriously infringes upon the legitimate rights and interests of the affected enterprises, severely disrupts international economic and trade order and gravely undermines the security and stability of global industrial and supply chains.&#8221;
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The timing of the rule&#8217;s release is somewhat surprising, given that the U.S. and China are in the midst of trade talks. The action strengthens export controls on China, a contrast to the U.S.&#8217;s recent loosening of controls on AI chips to China, like Nvidia&#8217;s H20.
If a company is owned 50 percent or more by an entity on the list, licenses will be required for U.S. exporters to ship goods or technology to the subsidiary, just as they are for listed entities, with many licenses likely to be denied.
The affiliates rule is similar to the &#8220;50 percent rule&#8221; for entities sanctioned by the Treasury Department&#8217;s Office of Foreign Assets Control.
The Commerce Department did not respond to a request for comment.
Though companies around the world are on the Entity List, the change will most significantly impact Chinese entities, experts said. Factories that produce legacy chips and are affiliated with listed companies may be captured, as well as other sectors, including aircraft, they said.
Chinese tech giant Huawei, video surveillance company Hikvision, and drone manufacturer DJI are three examples of companies that may be impacted, one expert said. Many Huawei subsidiaries are already on the list, but not all.
An analysis by Kharon, a Los Angeles-based data and analytics company, found the expected rule could pull thousands of hidden subsidiaries in nearly 100 destinations around the world into &#8220;export-control crosshairs.&#8221;
&#8220;While Russia and China account for the majority of subsidiaries tied to already-listed entities, Kharon&#8217;s analysis uncovered that hundreds more are located in major trade and finance hubs &#8211; including the EU, the United States, the UK, Singapore, Switzerland, Japan, Canada, Australia and India,&#8221; the company said in a brief in June in anticipation of the rule.
(Reporting by Karen Freifeld. Additional reporting by the Beijing newsroom. Editing by Doina Chiacu, Chris Sanders, William Maclean)

Bahrain’s King Hamad Al Khalifa Visits China

Trump Admin Expands Export Blacklist In Crackdown On China

Trump Administration

President Donald Trump clarified details about the new trade deals with the European Union (EU) and China in an interview on Tuesday, including floating the possibility of 35% tariffs on EU goods and stating that he intends to meet with Chinese President Xi Jinping.
Goods from the EU <a href="https://www.dailywire.com/news/trumps-art-of-the-trade-deal-here-are-the-countries-that-have-reached-agreements-with-america">initially</a> faced 30% tariffs under Trump&#8217;s Liberation Day tariff plan, but – after reaching an agreement in late July – an agreement was made for 15% on exports such as vehicles and medicine, among other products.
Trump <a href="https://x.com/RapidResponse47/status/1952733095259472349">explained</a> on CNBC&#8217;s &#8220;Squawk Box&#8221; that EU exports would be slapped with 35% tariffs if the Union did not follow through with the terms of the agreement. Critics have objected to the trade deal, which they say lacked the &#8220;teeth&#8221; to enforce the agreement.
Included in the trade agreement, the European Union committed to purchasing $750 billion worth of energy from the United States and investing an additional $600 billion in the U.S. economy. Trump added that &#8220;They gave me $600 billion and that&#8217;s a gift. … They gave us $600 billion that we can invest in anything we want.&#8221;
Trump also floated plans to re-shore <a href="https://www.cnbc.com/2025/08/05/trump-says-pharma-tariffs-could-eventually-reach-up-to-250percent.html">pharmaceutical</a> manufacturing from countries like China and Ireland to the United States by increasing tariff rates to 250% over a few years, which is one of the most dramatic moves to address the lack of domestic production of necessary medicines. 
Trump&#8217;s deal with the EU is still in the final stages of completion. On Tuesday, the EU announced that it would be suspending its retaliatory tariffs in a <a href="https://www.dailywire.com/news/e-u-to-suspend-retaliatory-tariff-on-u-s-for-six-months-as-massive-trade-deal-is-finalized?author=Reuters&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=E.U.+To+Suspend+Retaliatory+Tariff+On+U.S.+For+Six+Months+As+Massive+Trade+Deal+Is+Finalized">statement</a>.
A spokesperson said, &#8220;The EU continues to work with the U.S. to finalize a Joint Statement, as agreed on 27 July. … With these objectives in mind, the Commission will take the necessary steps to suspend by 6 months the EU&#8217;s countermeasures against the U.S., which were due to enter into force on 7 August.&#8221;
The president also clarified his plans to meet with Chinese President Xi. He said he intends to meet with Xi only after China and the US agree on the terms of a trade deal.
&#8220;I&#8217;ll end up having a meeting before the end of the year, most likely, if we make a deal,&#8221; Trump said in the interview. &#8220;But we&#8217;re getting very close to a deal. We&#8217;re getting along with China very well.&#8221;
Many questions arose about Trump&#8217;s plans to finalize the deal with China after multiple news outlets <a href="https://www.reuters.com/world/china/trump-xi-aides-discussed-autumn-us-china-leaders-meeting-sources-say-2025-07-20/">reported</a> that Trump was pushing for a meeting with Xi. Trump insisted on TruthSocial and in interviews that he had no plans to reach out to Xi for a meeting because, as he said, &#8220;China is very reliant on the United States.&#8221;
Although Trump continues to move around the deadlines for other countries to reach a trade deal, consumer sentiment continues to increase, according to a report by the University of Michigan, The Daily Wire <a href="https://www.dailywire.com/news/consumer-confidence-climbs-as-trump-pushes-ahead-with-tariffs?author=Zach+Jewell&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=Consumer+Confidence+Climbs+As+Trump+Pushes+Ahead+With+Tariffs">reported</a>.
&#8220;Perceptions of this month&#8217;s economic developments were similar across the political spectrum; Republicans, Independents, and Democrats all saw some minor increases in sentiment this month,&#8221; the University of Michigan stated.
Trump&#8217;s tariff rollout, which lays a baseline of 10% on all countries with a trade deficit with the U.S. and a varying percentage on others that have struck a deal, will go into effect on <a href="https://www.dailywire.com/news/white-house-drops-new-tariff-plan-on-eve-of-trumps-trade-deadline?author=Tim+Pearce&amp;category=News&amp;elementPosition=undefined&amp;row=0&amp;rowType=Vertical+List&amp;title=White+House+Drops+New+Tariff+Plan+On+Eve+Of+Trump%E2%80%99s+Trade+Deadline">August 7</a>.

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Trump Reveals Trade Plans With China, EU Following Massive Deals

Trump Outlines Next Steps In Trade Plans With China, EU Following Massive Deals

European Union

News

President Donald Trump signed an executive order late Thursday evening, raising the tariff on Canadian imports to 35% effective at midnight, while granting Mexico another 90 days to negotiate a trade deal with the United States.
The actions come as the August 1 deadline arrived for countries with trade deficits with the United States to reach new trade agreements, but Trump said they won&#8217;t take effect until August 7 for most nations. In a Truth Social post, Trump praised ongoing talks with Mexican President Claudia Sheinbaum, while he ripped Canada for failing to crack down on drug trafficking. Trump also said that he would not raise tariffs on Mexico beyond current levels for 90 days.
“I have just concluded a telephone conversation with the President of Mexico, Claudia Sheinbaum, which was very successful in that, more and more, we are getting to know and understand each other. The complexities of a Deal with Mexico are somewhat different than other Nations because of both the problems, and assets, of the Border,” Trump posted on Truth Social Thursday night. “We have agreed to extend, for a 90 Day period, the exact same Deal as we had for the last short period of time.”
The current deal hits Mexico, America&#8217;s top trading partner, with a 25% tariff imposed because of fentanyl trafficking over the southern U.S. border, a 25% tariff on vehicles, and a 50% tariff on steel, aluminum, and copper. 
“Additionally, Mexico has agreed to immediately terminate its Non Tariff Trade Barriers, of which there were many. We will be talking to Mexico over the next 90 Days with the goal of signing a Trade Deal somewhere within the 90 Day period of time, or longer,” Trump added. “There will be continued cooperation on the Border as it relates to all aspects of Security, including Drugs, Drug Distribution, and Illegal Immigration into the United States.”
Trump said that Vice President JD Vance, Treasury Secretary Scott Bessent, Secretary of State Marco Rubio, and other top administration officials were all present for the call with Mexico. 
In Trump&#8217;s <a href="https://www.whitehouse.gov/presidential-actions/2025/07/amendment-to-duties-to-address-the-flow-of-illicit-drugs-across-our-northern-border-9350/">executive order</a>, Trump justified raising the tariff on Canadian goods, citing the country&#8217;s “failure to devote satisfactory resources to arrest, seize, detain, or otherwise intercept drug trafficking organizations, other drug or human traffickers, criminals at large, and illicit drugs.” 
That announcement came after Trump <a href="https://www.dailywire.com/news/trump-warns-canada-backing-palestinian-state-could-damage-u-s-trade-deal?author=Leif+Le+Mahieu&amp;category=News&amp;elementPosition=1&amp;row=0&amp;rowType=Vertical+List&amp;title=Trump+Warns+Canada%3A+Backing+Palestinian+State+Could+Damage+U.S.+Trade+Deal">said</a> that it would be difficult to make a trade deal with Canada if it moved forward with a plan from Canadian Prime Minister Mark Carney to recognize a Palestinian state. 
“Wow! Canada has just announced that it is backing statehood for Palestine. That will make it very hard for us to make a Trade Deal with them. Oh’ Canada!!!” Trump said. 
More than a dozen countries are facing tariffs ranging from 19% to 41% when they take effect on August 7. All countries across the board will pay a baseline 10% tariff under the White House plan. Separate negotiations with China, another one of America&#8217;s largest trading partners, are ongoing.

President Trump Speaks At Making Health Technology Great Again Event

Trump Drops The Hammer On Canada, Pushes Mexico To Cut A Trade Deal In 90 Days

Mexico

As President Donald Trump&#8217;s August 1 deadline for imposing tariffs on countries across the globe nears, his administration has been busy negotiating and announcing new trade deals.
Trump&#8217;s &#8220;Liberation Day&#8221; tariffs, which were initially supposed to go into effect in April, were delayed until the beginning of August, giving America&#8217;s trading partners and the president&#8217;s trade team more time to come to the negotiating table and hash out deals. The deadline extension paid off for some countries that have secured lower tariff rates than those Trump initially announced.
The deals have also resulted in promises of investments worth billions of dollars in the U.S. economy over the next few years.
Here are the countries that have worked out a deal with Trump:
<h3>United Kingdom</h3>
President Trump, alongside trade representatives from the United Kingdom, <a href="https://www.dailywire.com/news/both-countries-will-become-stronger-trumps-trade-deal-will-give-u-s-more-access-to-u-k-economy">announced</a> a trade agreement on May 8, giving the United States more access to the British market while boosting both nations&#8217; industrial bases and steel industries. Under the deal, the United Kingdom will still pay a 10% tariff on most goods exported to the United States.
The deal will also allow the United Kingdom to export up to 100,000 vehicles to the United States for a 10% tariff and export Rolls-Royce engines and airplane parts to the United States tariff-free. The United Kingdom promised to purchase $10 billion worth of Boeing airplanes from the United States.
<h3>European Union</h3>
Earlier this week, Trump <a href="https://www.dailywire.com/news/trump-secures-biggest-of-all-trade-deals-with-eu">announced</a> that he had secured the &#8220;biggest of all&#8221; trade deals with the European Union. Under the agreement, the European Union will pay a &#8220;straight across&#8221; 15% tariff for most exports, including vehicles. The 15% rate is a major cut to the 30% tariff that the 27-member bloc was facing from Trump&#8217;s initial announcement in April.
The European Union also agreed to purchase $750 billion worth of energy from the United States and invest an additional $600 billion in the U.S. economy.
“We have a trade deal between the two largest economies in the world — and it’s a big deal. It’s a huge deal. It will bring stability. It will bring predictability. That’s very important for our businesses on both sides of the Atlantic,” said European Commission President Ursula von der Leyen.
<h3>Japan</h3>
In what President Trump <a href="https://www.dailywire.com/news/trump-says-japan-will-invest-half-a-trillion-dollars-in-u-s-largest-deal-ever-made">said</a> was “perhaps the largest Deal ever made,” Japan agreed to invest more than $500 billion in the United States while paying a 15% reciprocal tariff to export goods to America, which is lower than the original 25% tariff that Trump had planned. The deal will also <a href="https://www.nytimes.com/2025/07/22/us/politics/trump-japan-trade-deal.html">lower</a> the tariff on Japanese auto exports to the United States, bringing the rate down to 15%.
Trump said that the most important part of the deal was Japan agreeing to open its markets to American-made vehicles, rice, and agricultural products.
“This is a very exciting time for the United States of America, and especially for the fact that we will continue to always have a great relationship with the Country of Japan,&#8221; Trump said.
<h3>Pakistan</h3>
On Wednesday, Trump announced a <a href="https://www.dailywire.com/news/other-countries-are-making-offers-trump-announces-oil-reserve-deal-with-pakistan">deal</a> with Pakistan that involves developing the country&#8217;s massive oil reserves and <a href="https://www.nbcnews.com/world/asia/pakistan-says-wins-us-tariff-deal-trump-cites-oil-reserves-pact-rcna222159">lowering</a> the tariff rate that Trump had previously planned to impose. While Trump has not revealed the specifics of the deal, Pakistan said it &#8220;marks the beginning of a new era of economic collaboration, especially in energy, mines and minerals, IT, cryptocurrency and other sectors.”
<h3>Indonesia</h3>
Last week, Trump revealed <a href="https://www.dailywire.com/news/huge-win-trump-reveals-details-of-trade-deal-with-indonesia">details</a> of a major trade deal with Indonesia, the fourth most populous nation in the world. According to Trump, the agreement wipes out “99%” of Indonesia’s trade barrier, opening the market for American-made products. The United States will pay no tariff to export products to the Southeast Asian country, while Indonesia will pay a 19% tariff rate on goods it sends to the United States.
The president also said that Indonesia agreed to “supply the United States with their precious Critical Minerals, as well as sign BIG Deals, worth Tens of Billions of Dollars, to purchase Boeing Aircraft, American Farm products, and American Energy.”
While Indonesia will pay a 19% tariff on most products, a Trump administration official told reporters that products made in Indonesia containing a certain percentage of materials from nonmarket economies such as Russia, China, and Vietnam would be hit with a 40% tariff, The New York Times <a href="https://www.nytimes.com/2025/07/22/us/politics/trump-indonesia-trade-deal.html">reported</a>.
<h3>South Korea</h3>
On Wednesday, Trump <a href="https://www.dailywire.com/news/trump-unveils-south-korea-trade-deal-boasting-350b-investment-in-u-s">unveiled</a> yet another trade deal — this one with U.S. ally, South Korea. As part of the deal, South Korea will “give to the United States $350 Billion Dollars for Investments owned and controlled by the United States, and selected by myself, as President,” according to Trump. South Korea also agreed to purchase $100 billion worth of American energy products.
Trump added that South Korean markets will be &#8220;completely open to trade&#8221; with the United States, while South Korea will pay a 15% tariff to gain access to U.S. markets. The 15% rate is lower than the 25% tariff that Trump had initially planned to impose on South Korea.
<h3>Vietnam</h3>
At the beginning of July, Vietnam <a href="https://www.dailywire.com/news/trump-announces-major-trade-deal-with-vietnam-days-before-tariff-increases">reached</a> a preliminary agreement with the Trump administration to open up its market to U.S. goods and pay a 20% tariff on exports to the United States. Vietnam faced a massive 46% tariff in Trump&#8217;s first announcement. For &#8220;transhipped&#8221; goods — products that are channeled through Vietnam by countries like China to circumvent trade restrictions — Vietnam will pay a 40% tariff.
Trump said that he believes American automakers will thrive in the Vietnamese market. “It will be a Great Deal of Cooperation between our two Countries,” he said.
<h3>Philippines</h3>
Similar to the deal with Indonesia, the trade <a href="https://www.dailywire.com/news/winning-trump-secures-trade-deals-in-philippines-and-indonesia">agreement</a> with the Philippines will see the island country pay a 19% tariff to gain access to U.S. markets, while American goods will enter the Philippines tariff-free, according to Trump. The president said last week that the two countries &#8220;concluded&#8221; a trade deal after a &#8220;beautiful visit&#8221; from President Ferdinand Marcos Jr. of the Philippines.
The agreement was reached after a round of &#8220;tough&#8221; negotiations from Marcos.
&#8220;He&#8217;s a very tough negotiator,&#8221; Trump <a href="https://www.youtube.com/watch?v=jkFDQptw6Oo">said</a> in the Oval Office one day before a deal was reached. &#8220;He&#8217;s negotiating too tough. In fact, I used to like him better than I do now. &#8230; But we&#8217;ll probably agree to something.&#8221;
<h3>Thailand</h3>
Commerce Secretary Howard Lutnick announced on Wednesday night that Thailand had reached a trade agreement with the United States, but did not provide specifics. Under Trump&#8217;s initial &#8220;Liberation Day&#8221; tariffs announcement, Thailand faced a 36% tariff.
After <a href="https://www.dailywire.com/news/this-is-final-thailand-cambodia-reach-ceasefire-agreement-after-call-from-trump">fighting</a> broke out between Thailand and Cambodia last week, Trump threatened not to enter into a trade deal with either country until the fighting ended. Thailand and Cambodia reached a ceasefire agreement that went into effect at midnight on Monday.
<h3>Cambodia</h3>
Lutnick said on Wednesday that Cambodia has also reached a trade deal with Trump following its ceasefire agreement with Thailand. Cambodia also faced a 36% tariff under Trump&#8217;s &#8220;Liberation Day&#8221; announcement.
<h3>The three biggest U.S. trading partners have yet to reach an agreement with Trump.</h3>
While the Trump administration has seen some success in getting numerous countries to agree to trade deals, Trump&#8217;s trade officials are still seeking to convince major U.S. trading partners to agree to their terms.
<h3>China</h3>
The Trump administration agreed to push back an already extended deadline for trade talks, moving the date to August 12 as the countries continue to negotiate. Earlier this week, both sides said they held &#8220;constructive&#8221; talks in Stockholm, according to Treasury Secretary Scott Bessent.
The United States and China traded reciprocal tariff blows before agreeing in May to walk back from triple-digit tariff rates. The countries also agreed to a deal to restart rare earth element shipments to the United States, with exports <a href="https://www.reuters.com/world/china/chinas-exports-rare-earth-magnets-us-surge-june-2025-07-20/">surging</a> in June.
Trump is scheduled to be briefed on the China trade talks on Thursday, sitting down with Bessent and U.S. Trade Representative Jamieson Greer, CNN <a href="https://www.cnn.com/business/live-news/trade-deadline-tariffs-trump-deals#cmdrbeu50001h356ngsxgfdgg">reported</a>.
“I believe we have the makings of a deal,” Bessent told CNBC Thursday morning. “Myself and Ambassador Greer will be speaking to President Trump today about whether we’ll extend the August 12 deadline. We have a few details to work out. I’m confident it’ll be done … but it’s not 100% done.”
<h3>Canada</h3>
America&#8217;s neighbor to the north has yet to come to terms with the Trump administration, and President Donald Trump said on Thursday morning that Canada&#8217;s announcement that it intends to back a Palestinian state &#8220;will make it very hard for us to make a Trade Deal.&#8221; The tariff rate on many Canadian goods is set to <a href="https://www.cnn.com/business/live-news/trade-deadline-tariffs-trump-deals">rise</a> to 35% if no trade deal is reached.
<h3>Mexico</h3>
Trump announced on Thursday that he would again extend the deadline for imposing 30% tariffs on Mexico for another 90 days.
&#8220;The complexities of a Deal with Mexico are somewhat different than other Nations because of both the problems, and assets, of the Border,&#8221; the president said after talking to Mexican President Claudia Sheinbaum over the phone. During the extension, &#8220;Mexico will continue to pay a 25% Fentanyl Tariff, 25% Tariff on Cars, and 50% Tariff on Steel, Aluminum, and Copper,&#8221; Trump said.
White House Press Secretary Karoline Leavitt said on Thursday that countries that have not reached a deal with Trump &#8220;will be hearing from this administration by the midnight deadline tonight.&#8221;
&#8220;Tomorrow, August 1, the reciprocal rates will be going into effect,&#8221; she added. &#8220;If more deals are cut between now and midnight, I will never count out the president. You&#8217;ve seen him do it before.&#8221;
Tim Pearce, Leif Le Mahieu, and Sam Korkus contributed to this report.

Trump’s Art Of The Trade Deal: Here Are The Countries That Have Reached Agreements With America

President Donald Trump announced on Wednesday that Pakistan had agreed to a deal with the United States that involved &#8220;developing their massive Oil Reserves,&#8221; and said that several other countries were already waiting in the wings to offer trade deals in exchange for lower tariffs.
Trump shared the news first via his Truth Social platform, saying that in addition to the deal with Pakistan, he planned to speak with a trade delegation from South Korea later in the day.
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— Rapid Response 47 (@RapidResponse47) <a href="https://twitter.com/RapidResponse47/status/1950646261696151619?ref_src=twsrc%5Etfw">July 30, 2025</a></blockquote>
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&#8220;We are very busy in the White House today working on Trade Deals. I have spoken to the Leaders of many Countries, all of whom want to make the United States &#8216;extremely happy,'&#8221; Trump began his post. &#8220;I will be meeting with the South Korean Trade Delegation this afternoon. South Korea is right now at a 25% Tariff, but they have an offer to buy down those Tariffs. I will be interested in hearing what that offer is.&#8221;
&#8220;We have just concluded a Deal with the Country of Pakistan, whereby Pakistan and the United States will work together on developing their massive Oil Reserves,&#8221; he continued. &#8220;We are in the process of choosing the Oil Company that will lead this Partnership. Who knows, maybe they’ll be selling Oil to India some day!&#8221;
The president went on to say that other countries were lining up to make similar deals — an important detail given that the imminent tariff deadline, August 1, is less than two full days from taking effect. Several other eleventh-hour deals have already been inked in the last week before the deadline, including one with the European Union during Trump&#8217;s weekend trip to Scotland.
&#8220;Likewise, other Countries are making offers for a Tariff reduction,&#8221; Trump concluded. &#8220;All of this will help reduce our Trade Deficit in a very major way. A full report will be released at the appropriate time. Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!&#8221;

‘Other Countries Are Making Offers’: Trump Announces Oil Reserve Deal With Pakistan

'Other Countries Are Making Offers': Trump Announces Oil Reserve Deal With Pakistan

Pakistan

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