US EditionTrump'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.
Insights by Ground AI
Does this summary seem wrong?
21 Articles
21 Articles
All
Left
1
Center
11
Right
1
European stock markets
·United States
Read Full Article
Peso falls ahead of US trade deadline - BusinessWorld Online
THE PESO fell against the dollar on Monday as market sentiment turned cautious ahead of the US deadline for finalizing trade deals with its partners. “The market closed higher amid revived trade tensions regarding tariff jitters. Trump is looking to impose tariffs on BRICS countries,” a trader said by telephone. It closed at P56.685 versus the dollar, down by 28.5 centavos from its P56.40 finish on Friday, based on Bankers Association of the Phi…
Coverage Details
Total News Sources21
Leaning Left1Leaning Right1Center11Last UpdatedBias Distribution85% Center
Bias Distribution
- 85% of the sources are Center
85% Center
C 85%
Factuality
To view factuality data please Upgrade to Premium
