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Trump's Trade Deadline Looms, Markets Brace for Impact | FOX 4 Kansas ...

UNITED STATES, JUL 7 – President Trump extended the trade deadline to August 1 amid tariff threats, causing major U.S. stock indices to fall by up to 1.05% on July 7, officials said.

  • Financial markets faced rising tension as the 90-day U.S. tariff moratorium neared expiration on Wednesday, signaling potential new trade barriers.
  • The moratorium followed President Trump's April decision to delay hefty tariffs to encourage new trade deals, but the July 9 deadline brought uncertainty about extensions.
  • Asian markets closed mixed on July 7, with Japan’s Nikkei down 0.6% and South Korea’s Kospi up 0.2%, while currencies showed cautious moves amid tariff jitters.
  • Chris Turner of ING noted that markets responded to tariff news in sanguine fashion, and Maybank observed that India might negotiate further while South Korea considered an extension.
  • The looming tariff deadline and related trade discussions suggest continued market uncertainty with possible volatility when new tariffs, set for August 1, come into force.
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How will Trump's tariffs affect the stock market?

Trump's moves have raised fears that economic growth would slow to a trickle, if not make the U.S. and other nations more vulnerable to a recession.

·Boise, United States
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Center

European stock markets

·United States
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Fox 4 Kansas City broke the news in Kansas City, United States on Thursday, July 3, 2025.
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