Vietnam was the first in Asia to strike a deal, but it has little leverage against Washington, and is now facing levies up to 40%. The same goes for Cambodia. A poor country heavily reliant on exports, it has been negotiating a deal as Trump threatens 35% tariffs.

World shares mostly climbed on Wednesday, following a choppy trading day on Wall Street as the Trump administration seeks to win more favorable trade deals with nations around the globe. In early trading,

Shares were mixed in Asia on Wednesday, following a choppy trading day on Wall Street as the Trump administration pressed its campaign to win more favorable trade deals with nations around the globe.

This week, the president began sending letters to U.S. trade partners outline what their proposed tariff rates will be.

President Trump’s ever-swerving tariff regime has taken more sharp turns this week.On July 7, his administration pushed back some of its most punishing duties by three more weeks to August, following a 90-day delay.

It’s almost as if tariffs are the new sanctions. Consider Trump’s announcement Wednesday that Brazil will face 50 percent tariffs. He made that threat in part because he’s upset about how the current Brazilian government is treating former Brazilian President JAIR BOLSONARO,