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Trump Insider Says Tariff Deadline Is ‘Fake’

  • President Donald Trump set a self-imposed July 9 deadline to secure new trade deals with 12 countries or impose tariffs at certain rates starting August 1.
  • This deadline followed a three-month negotiation window announced in April, but insiders and analysts describe the deadline as largely theatrical and lacking real urgency.
  • Trade talks have produced only a few deals so far, with some countries negotiating in good faith possibly receiving deadline extensions while others face higher tariffs.
  • Larry Summers expressed skepticism about the advantages of tariffs, suggesting they may generate some government income but could also lead to increased prices for U.S. shoppers and reduced global competitiveness for U.S. manufacturers.
  • These developments suggest ongoing uncertainty around trade outcomes, with Trump’s tariff threats serving more as leverage and spectacle than a strict timetable enforcement.
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White House suggests some countries could see tariff deadline shifted

The chair of the White House Council of Economic Advisers said that some countries that are negotiating with the U.S. could see tariffs delayed.

·United States
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Raw Story broke the news in United States on Saturday, July 5, 2025.
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