Cooperation, autonomy and win-win results defining features of healthy economic ties

The global trade landscape has been roiled by the United States' trade policies and actions.

Even though US Treasury Secretary Scott Bessent has said he expects a "flurry" of deals to materialize before the July 9 deadline, time is running out. Some US trading partners are still far from making a deal before US President Donald Trump's 90-day pause comes to an end.

The US administration started sending letters to various economies on Friday to notify them of the tariff rates they will face on exports to the US. The first batch of 10 or 12 letters has been sent, with further batches to follow. Most new rates won't take effect until Aug 1, Trump said.