Pressure from Trump for trade deals before Wednesday deadline, but hints of more time for talks
Trump is pushing for trade agreements before a Wednesday deadline, but signals flexibility might be on the horizon. The President wants a "letter or a deal" finalized by July 9th, according to CNN, amid ongoing negotiations.
However, reports suggest the deadline for reciprocal tariffs – taxes on imported goods – could be extended to August. This shift comes as markets react with uncertainty to fluctuating policy announcements, as noted by The Guardian.
Reuters reports the U.S. is nearing trade deals, with the effective date of tariffs already delayed. Economists warn that failing to reach an agreement could lead to tariffs "boomerang[ing]" back to April levels, impacting consumers.
The situation remains fluid as discussions continue.