Trump, reciprocal tariffs
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Trump administration faces pressure to clinch more trade deals, with a temporary tariff freeze on dozens of countries set to expire.
This article will be updated throughout the day, so check back often for more daily updates. President Trump announced tariffs will rise on imports from more than a dozen countries yesterday, then proceeded to widen the tariffs war on a second front.
President Donald Trump says he's not planning to extend a 90-day pause on tariffs on most nations beyond July 9.
Will there be a comeback for the “reciprocal” tariffs that President Trump unveiled at his “liberation day” event on April 2? Probably not, according to Goldman Sachs Chief Economist Jan Hatzius.
The trade war between the U.S. and the rest of the world is heating up once again with U.S. President Donald Trump announcing a new set of tariff on goods imported from 14 countries, including allies like Japan and South Korea.
Some major U.S. trading partners may be given extensions on the July 9 deadline before the Trump administration imposes its steep, so-called reciprocal tariffs, Treasury Secretary Scott Bessent said Friday.
President Donald Trump says he is not planning to extend a 90-day pause on tariffs on most nations beyond July 9, when the negotiating period he set would expire, and his administration will notify countries that the trade penalties will take effect unless there are deals with the United States.
Treasury Secretary Scott Bessent said tariff letters will be sent to about 100 countries over the next several days, as the Trump administration’s 90-day tariff pause comes to an end Wednesday.