President Donald Trump opened his remarks alongside NATO Secretary-General Mark Rutte in the Oval Office on Monday by threatening "severe tariffs" against Russia. "We're very, very unhappy with them," Trump said of Russia. "And we're going to be doing very severe tariffs if we don't have a deal in 50 days."

Brazil is scrambling to avert punishing 50% U.S. tariffs in a week's time, but high level talks are stalled and U.S. companies are reluctant to confront U.S. President Donald Trump over the issue, officials and industry leaders say.