US EditionWhat Happens to U.S. Trading Partners on July 9? Trump Decides
- President Donald Trump delayed the imposition of a 50% tariff on European Union imports until July 9, extending a previous 90-day pause on reciprocal tariffs imposed in April.
- The delay came after trade negotiations stalled and European Commission President von der Leyen requested additional time to finalize an agreement, with President Trump also expected to postpone his July 8 deadline for implementing broader tariffs.
- In April, the Trump administration introduced reciprocal tariffs on imports from most countries but temporarily limited these tariffs to 10% to facilitate negotiations. Since then, it has reached tentative trade agreements involving China and the UK, while a formal deal with India remains pending.
- On Thursday, a White House spokesperson indicated that the July 8 and 9 deadlines for tariff reinstatements are flexible and that the president has the authority to offer deals directly to countries that do not reach trade agreements. Additionally, Kevin Hassett, director of the National Economic Council, mentioned that trade deals are nearing completion and are expected to be finalized following the approval of the tax-and-spending legislation.
- The extension and negotiation status suggest ongoing trade talks could delay reimposing higher tariffs, with officials expecting multiple trade agreements and tariff adjustments contingent on good-faith negotiations.
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US President Donald Trump's administration may extend the deadline for announcing higher tariffs on imports from dozens of countries, the White House said on Thursday.
·Vilnius, Lithuania
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Trump’s July 9 Tariff Deadline Is ‘Not Critical,’ White House Says
·New York, United States
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The US presidency spokesperson, Karoline Leavitt, said: "It will decide Trump"
·Turin, Italy
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Total News Sources43
Leaning Left9Leaning Right4Center10Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 39%
C 43%
R 17%
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