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Trump says he's not planning to extend a pause on global tariffs beyond July 9

  • U.S. President Donald Trump said he does not plan to extend the 90-day pause on most tariffs, which expires on July 9, 2025.
  • This pause followed a negotiating period aimed at reaching trade deals with multiple countries, but Trump noted it is difficult to work separately with all 200 nations.
  • Trump said his administration will notify countries if trade penalties will resume unless deals are reached, and letters informing importers of tariff rates will be sent before the deadline.
  • Economic surveys show ongoing uncertainty, with one in four rural bankers rating tariff retaliation as the top farm risk and only 20% of supply managers expecting improved conditions soon, according to Creighton University data.
  • The resumption of tariffs could affect U.S. agricultural exports, which dropped 11.2% in North Dakota during early 2025, indicating potential challenges for rural economies if tariffs are reinstated.
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Is there still a good reason for the US President's tariff offensive, which has shaken the global economy for months? A dive into the depths of the current account

·Vienna, Austria
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trend.sk broke the news in on Friday, June 27, 2025.
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