The US will impose a 25% tariff on goods imported from India, the world’s fifth largest economy, starting Friday. There will also be a “penalty” in response to India buying Russian oil. What the penalty will be was not disclosed. 

The same day, President Trump signed an executive order implementing an additional 40% tariff on Brazilian products, bringing the total to 50%. Earlier this month, he threatened Brazil with the 50% trade duties as penalty for what he termed a "witch hunt" against his close ally, former Brazilian President Jair Bolsonaro.

The US will charge a 15% tariff on imports from South Korea, down from a threatened 25%, as part of a deal that eases tensions with a key trading partner in Asia. "I am pleased to announce that the United States of America has agreed to a Full and Complete Trade Deal with the Republic of Korea," Trump wrote on Truth Social. 

South Korea agreed to invest 350 billion USD in the US in projects selected by Trump, of which 150 billion is aimed at a shipbuilding partnership, and to purchase 100 billion USD in Liquid Natural Gas and other energy products.