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'Working Very well:' Peter Navarro Says Trump's Tariffs Are Benefiting the American Consumer

UNITED STATES, JUL 7 – The Trump administration aims to reduce the U.S. trade deficit by imposing tariffs from 10% to 50% on key partners if no agreements are reached by the July 9 deadline.

  • On August 1, 2025, the Trump administration imposes tariffs ranging from 10% to 50% on trading partners lacking deals by July 9.
  • Following the April proposal, high-stakes negotiations with 18 nations led to a July 9 soft deadline for trade agreements or letters, delaying tariffs set for August 1.
  • U.S. tariffs range from 10% to 50%, with India set to limit to 10% and Thailand offering concessions to avoid 36% duties.
  • European officials report progress to prevent sudden tariff hikes, with Lutnick formalizing a narrow window for partners to act by July 9 to avoid higher duties starting August 1.
  • Absent deals by July 9, trading partners face higher tariffs starting August 1, as negotiations remain unresolved amid high-stakes trade tensions.
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Lean Left

US President Donald Trump has postponed higher tariffs on imports into the US, sending letters to fourteen countries, including Japan and South Korea, outlining the new duties that will take effect on August 1.

Center

Are the EU threatening new US tariffs as of August 1st? As of today, several trading partners will receive corresponding letters. It will be possible to find out whether the EU is among them.

·Hamburg, Germany
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  • 91% of the sources are Center
91% Center
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The Globe & Mail broke the news in Canada on Monday, July 7, 2025.
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