US EditionMarkets Sputter After Trump Pushes Tariff Deadline
UNITED STATES, JUL 9 – President Trump postponed tariff hikes until Aug. 1 after Treasury Secretary Scott Bessent requested more negotiation time amid slow progress with major trade partners.
- President Donald Trump delayed tariffs until August 1, 2025, after a request from Treasury Secretary Scott Bessent, signing an executive order on Tuesday.
- Following the April 2 announcement, President Trump repeatedly extended tariff deadlines, known as the 'TACO trade,' after Treasury Secretary Bessent's requests for delays amid ongoing trade talks.
- Copper futures rose to a record high Tuesday while traders treat tariff letters as negotiating tools.
- While Trump asserts no further delay, analysts warn that additional extensions are likely, reflecting ongoing trade negotiation uncertainties.
12 Articles
12 Articles
Global stocks mostly up despite Trump tariffs, Nasdaq at record
NEW YORK, United States — The Nasdaq powered to a fresh record and major European markets closed in the green Wednesday, brushing off US President Donald Trump’s growing array of tariff targets. After releasing tariff warning letters to seven additional countries early Wednesday afternoon, Trump followed up late in the afternoon with a threatened 50
WSJ: Advisers Persuaded Trump to Extend Tariff Deadline
Suggestions that more time to negotiate would lead to trade deals reportedly inspired President Donald Trump to delay the implementation of his reciprocal tariffs to Aug. 1. Treasury Secretary Scott Bessent and other advisers told Trump they were making enough progress with several trading partners as the president's previous deadline approached and more deals could be agreed to with additional time, The Wall Street Journal reported Wednesday. T…
Markets sputter after Trump pushes tariff deadline
Financial markets are wobbling this week after President Trump extended his 90-day deadline for big trade deals over the weekend, following the imposition of unilateral tariffs on dozens of U.S. trading partners back in April. As markets are reacting to changing White House policies, policies have been responding to fluctuations in the markets, and investors are seeing no end to the feedback loop in the near term. Major stock indexes continued t…
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