US Edition'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.
17 Articles
17 Articles
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.
Trump's August Tariff Surge: Global Trade Tensions Escalate
Trump's August Tariff Surge: Global Trade Tensions Escalate U.S. President Donald Trump on Monday announced an increase in tariffs starting August 1, targeting a variety of trading partners, including key suppliers like Japan and South Korea. This move signifies a new chapter in the trade war initiated earlier this year, impacting countries from Serbia to Thailand while leaving room for further negotiation.The enhanced tariffs on foreign imports…
'Working very well:' Peter Navarro says Trump's tariffs are benefiting the American consumer
President Donald Trump announced new blanket tariffs on a slew of countries Monday, coming with a new deadline added to the calendar of August 1st.That's when countries that are unable to work out a trade deal will face higher rates that the president announced back in April.White House senior counselor for trade and manufacturing Peter Navarro spoke with Scripps News about the latest changes to President Trump's U.S. tariff policy."What we're f…
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.
Trump Trade Tariffs: Nomura Global Macro Research Chief Says Higher Inflation May Lead To Lower Rates
Market observers and experts are watching the developments on US President Donald Trump's latest actions regarding trade deals with various countries. A key anticipation is the de-escalation of tariffs and a theme coming in from expert commentary is the mix of political deadlines, economic indicators like inflation, and international negotiations that will play out.Rob Subbaraman, chief economist and head of global markets research, Asia ex-Japa…
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