US EditionTrump Warns of Higher Tariff Rates of up to 70% for Countries without Trade Deals by August
UNITED STATES, JUL 8 – Trump set an unmovable August 1 deadline for 14 countries to negotiate trade deals or face higher tariffs, aiming to secure more favorable terms for the U.S.
- President Donald Trump sent letters on July 7 to 14 countries warning that new tariffs up to 25% would apply starting August 1 if no trade deals occur.
- Trump’s announcement followed concerns about trade deficits and a question of whether countries have opened their markets efficiently to the U.S.
- Key affected nations include Japan and South Korea, both facing 25% tariffs on exports like vehicles and electronics, with South Korea accelerating negotiations to avoid tariffs.
- Trump also warned that retaliatory tariffs could lead to rates as high as 70%, stating, “Everybody has to pay,” while economist Peter Rupert said tariffs could raise costs and hurt American workers.
- These tariffs could reshape global trade relationships and prompt intensified negotiations, while some countries view the tariffs as mischaracterizing their trade ties with the U.S.
49 Articles
49 Articles
Trump Trade Team Extends Deadline On Tariff Deals
By George Caldwell, The Daily Signal | July 07, 2025 As President Donald Trump’s trade team works to sign new trade deals with foreign countries, the White House is giving trading partners an extended deadline to sign deals before being hit with the heavy tariffs the president introduced in April. The administration had previously set a deadline of June 9 for nations to come to an agreement to avoid the temporarily paused “Liberation Day” tariff…
TSX futures tick higher as investors await tariff updates
(Reuters) -Futures linked to Canada’s main stock index edged higher on Wednesday with investors on the lookout for trade and tariff updates. Futures on Toronto’s S&P/TSX index were up 0.1% by 06:03 a.m. ET (1003 GMT). U.S. President Donald Trump announced steep copper tariffs on Tuesday while threatening levies on semiconductors and pharmaceuticals, broadening his trade war. Trump has also postponed the deadline for tariff deals to August 1, a d…
Lutnick to Newsmax: Trump Setting Fair Tariff Rates
Commerce Secretary Howard Lutnick told Newsmax on Tuesday that President Donald Trump is setting fair tariff rates for the top-40 countries ahead of the Aug. 1 deadline, moves designed to balance the U.S. with its global trading partners. Lutnick joined "Rob Schmitt Tonight" to break down the administration's ongoing efforts to rectify a $1.2 trillion trade deficit with the rest of the world. "So the president is setting the rates of tariffs for…
Coverage Details
Bias Distribution
- 71% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
