The president is again threatening higher tariff rates on a dozen foreign nations, as a deadline elapses this week for making trade deals.

As the July 9 deadline approaches, the global trade landscape braces for the end of the 90-day pause on Trump's 'reciprocal tariffs.' Speculation abounds about the post-midnight scenario, with economists and businesses warning of severe repercussions for international trade and consumers if no agreement is reached.

President Donald Trump plans to announce trade deals and deliver tariff warnings on Monday, as countries negotiated through the weekend to avoid the highest punitive measures on their exports to the US before a Wednesday deadline.