President Donald Trump suggested on Friday that he could extend, or more likely to shorten, the 90 -day pause in the “Liberation Day” tariffs imposed in April, while the destiny of his goal of making “90 agreements in 90 days” remains in doubt.
Key data
“We could extend it, we could shorten it, I would like to shorten it,” Trump said when a journalist asked him if the deadline of July 9 still remains the date on which he promised that taxes would go back into force.
Trump made these comments after the White House Secretary, Karoline Leavitt, alluded a day before the possibility of adjusting the deadline.
Trump and Leavitt also suggested that Trump would impose new tariffs on countries that do not negotiate new agreements with the Trump administration: “We can do what we want… I would like to simply send letters to all (saying) ‘Congratulations, they are paying 25%’”, while Leavitt declared the press on Thursday that “the president can choose a reciprocal tariff that he considers to United States”.
The Secretary of the Treasury, Scott Besent, also predicted before the Committee of Media and Arbitration of the House of Representatives earlier this month that was “very likely” that Trump delayed the deadline of July.
Trump has promised to make “90 agreements in 90 days” during the tariff pause, but so far he has only announced new commercial agreements with China and the United Kingdom.
Tangent
Trump also announced on Friday that the United States would suspend trade negotiations with Canada after the announcement of a digital services tax for US technology companies. “We will inform Canada about the tariff they will pay to do business with the United States in the next seven days,” Trump wrote in Truth Social. Canada and Mexico are not subject to tariffs on the day of liberation or freezing.
What to pay attention to
Trump hinted on Thursday that the United States has a commercial agreement “soon” with India, describing it as “very important.” The director of the National Economic Council of the White House, Kevin Hassett, also declared Fox Business on Tuesday: “We know that we are very, very close to some countries,” and predicted that they would be announced after Congress approved Trump’s emblematic legislation on spending and policies.
Key history
Trump announced a pause in liberation day tariffs for all countries with a tax exceeding 10% base. He also delayed a 50% tariff that threatened to impose imports from the European Union. Experts have predicted that the deadline for lifting the break could change, arguing the difficulty of achieving 90 agreements in 90 days.
This article was originally published by Forbes Us.
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