President Donald Trump will sign an executive order Monday to extend the deadline for tariff negotiations.
On July 7, White House press secretary Karoline Leavitt told reporters that Trump will sign the order to move the deadline to Aug. 1 from its current date of July 9.
The extension comes as the administration is increasing pressure on trading partners to form unilateral trade deals with the United States. Before Monday’s expected extension, Trump set a 90-day deadline to finalize new deals that were set to expire on Wednesday.
The executive order will also keep tariffs fixed at their negotiation period level of 10 percent. Had the extension not been granted, those tariffs would have reverted to the level set in April, when Trump announced a broad tariff schedule with most of the United States’ international trading partners….