US EditionWhat to know about Trump's shifting tariff deadline
- Following Trump’s weekend announcement, tariff 'Letters, and/or Deals' will be sent out starting Monday at noon ET amid timing uncertainty over Wednesday versus August 1 changes.
- Following the April 2 'Liberation Day' announcement, the Trump administration imposed a 90-day suspension of tariffs days after a market selloff, aiming to negotiate trade deals.
- Treasury Secretary Scott Bessent said the U.S. plans to send about 100 countries up to 15 tariff threat letters warning of a return to April 2 rates on August 1.
- Despite the looming July 9 deadline, most foreign trade officials are rushing to finalize deals before tariffs snap back on August 1.
- Starting August 1, reciprocal tariffs of 25% will take effect on South Korea and Japan, as Trump confirms the return of steep trade duties.
Insights by Ground AI
Does this summary seem wrong?
Podcasts & Opinions
25 Articles
25 Articles
All
Left
8
Center
3
Right
2
The Trump administration has earned billions of dollars in the customs chaos, and the tariffs themselves have been less involved, and an important deadline is approaching.
On July 9, Trump could use his new tariffs as announced – and the EU could start its counter-tariffs. Trade experts explain how this could affect prices.
Coverage Details
Total News Sources25
Leaning Left8Leaning Right2Center3Last UpdatedBias Distribution62% Left
Bias Distribution
- 62% of the sources lean Left
62% Left
L 62%
C 23%
15%
Factuality
To view factuality data please Upgrade to Premium
