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President Donald Trump welcomed leaders of five African nations, hailing the continent’s economic potential as his administration seeks to expand US access to critical minerals and other natural resources.

The exchange with the South American nation suggests the U.S. president also sees trade as a tool to influence other policies of foreign countries.

Secretary of State Marco Rubio talks about countering China as it expands its global influence. But President Trump’s tariff threats have created friction with U.S. partners.

India is trying to shield itself from President Donald Trump’s backlash against BRICS by stressing it has no plans to challenge the US dollar’s global dominance, according to people familiar with the matter.

President Donald Trump met the presidents of five African nations -- Senegal, Liberia, Guinea-Bissau, Mauritania and Gabon -- in what the White House describes as a push to deepen trade, including precious medals.

The U.S. said it would levy a 20% tariff for exports from Vietnam, and a 40% tariff on transshipped goods. How that’s defined is critical for the administration’s trade deals.

The majority of the new tariffs announced closely reflect the rates proposed in April; Laos and Burma are set to face the highest levy at 40%. Meanwhile, goods from Cambodia and Thailand will face slightly lower rates of 36%. Additionally, Brunei, Japan, Kazakhstan, Malaysia, Moldova, South Korea and Tunisia will see a 25% tariff hike.