The world is watching as the August 1 deadline approaches for trade deals to be done before U.S. tariffs on imported goods snap higher. Follow the latest news on negotiations and rates imposed on countries.

India and the US have held several rounds of negotiations for a trade deal over the past few months, with Delhi even reducing tariffs on goods like Bourbon whiskey and motorcycles to placate the US. But the US runs a $45bn (£33bn) trade deficit with India, which Trump is keen to reduce.

The president also said South Korea was looking to "buy down" its tariffs level ahead of a key Friday negotiating deadline.