US EditionPressure from Trump for trade deals before Wednesday deadline, but hints of more time for talks
UNITED STATES, JUL 9 – The Trump administration aims to reduce trade deficits by imposing higher tariffs starting Aug. 1 if new deals are not finalized, with letters to 14 countries sent Monday, officials said.
- The Trump administration is intensifying efforts to push trading partners into finalizing new agreements before the July 9 negotiation deadline by beginning to send tariff warning letters on Monday.
- This escalation follows Trump's April 2 announcement of steeper tariffs on many nations with trade surpluses and a suspended 10% baseline tax set to be collected starting August 1.
- Treasury Secretary Scott Bessent stated the U.S. is close to several deals, predicting major announcements soon, while Ambassador Pete Hoekstra confirmed Canada, a key trading partner, will not just receive a letter.
- Trump said sending 10 to 12 letters clarifies varied tariff amounts for each country, emphasizing letters suit multiple nations, and noted possible extensions beyond the Wednesday deadline.
- The effort signals continued uncertainty for businesses and partners but reflects willingness to negotiate, with Canada seeking a deal by July 21 or planning countermeasures if unmet.
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Evening Standard+2 Reposted by 2 other sources
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The Times of Northwest Indiana+2 Reposted by 2 other sources
Trump pushes for trade deals before Wednesday deadline
WASHINGTON — The Trump administration stepped up pressure on trading partners to quickly make new deals before a Wednesday deadline, with plans for the United States to start sending letters Monday warning countries that higher tariffs could kick in Aug.…
·Cherokee County, United States
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Leaning Left49Leaning Right20Center144Last UpdatedBias Distribution68% Center
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