US EditionTrump says Aug 1 tariff deadline will not be extended
UNITED STATES, JUL 30 – President Trump confirmed the August 1 deadline for tariffs on dozens of countries will stand, targeting India with a 25% tariff amid stalled trade negotiations, officials said.
- President Donald Trump announced on July 30 that the August 1 deadline for reciprocal tariffs will not be extended and tariffs will resume as scheduled.
- This announcement follows a 90-day pause on steep tariffs imposed in April intended to allow trade negotiations with dozens of countries, including India, South Korea, and Canada.
- India has offered to steeply cut tariffs on some US goods and pledged to ease non-tariff barriers while excluding agriculture and dairy sectors, which are considered 'no-go' areas by New Delhi.
- Trump criticized India for imposing what he described as the toughest and most irritating trade restrictions beyond tariffs and announced that Indian products would be subject to a 25 percent tariff starting Friday.
- The tariffs restarting on August 1 will raise the average effective tariff rate above 20 percent, the highest in a century, with JPMorgan warning this could increase recession risks in 2025.
126 Articles
126 Articles
The Bakersfield Californian
Global trade in photos as a new deadline approaches on Trump tariffs
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Washington, United States. President Donald Trump reaffirmed this Thursday his commitment to a new round of customs tariffs that will enter into force on Friday, August 1, as part of his protectionist trade policy. He assured that these measures will make the United States “great and rich again,” at a time when the deadline is running out for several countries to reach bilateral agreements that will allow them to avoid the most severe surcharges…
The President of the United States, Donald Trump, keeps the international markets under control. On Friday, the tariffs that the White House has imposed on dozens of countries are scheduled to enter into force. This is what the president has recalled -in mayusuculas - in a message on his social network, Truth Social, in which he has written: "The deadline of August 1 is the deadline of August 1st." "It remains firm [the date], and it will not be…
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